Aeropostale Disappoints On Q4 Outlook

Aeropostale Inc ARO reported results Wednesday for the third quarter of fiscal 2014, and provided guidance for the fourth quarter of fiscal 2014.

Net sales decreased 12 percent to $452.9 million, above estimates of $444.73 million and below that $514.6 million reported in the year ago period.

Comparable sales, including the e-commerce channel, for the third quarter decreased 11 percent compared to the corresponding 13-week period ended November 2, 2013.

The adjusted net loss was $35.2 million, or $0.45 per diluted share in the third quarter of fiscal 2014, inline with estimates.

Julian R. Geiger, Chief Executive Officer, commented, "During my first 100 days back at Aeropostale, I have developed and begun executing my vision of, and game plan for, positioning and returning the Company to profitability.”

For the fourth quarter of fiscal 2014, the Company expected an operating loss in the range of $28.0 to $34.0 million, which translates to a net loss in the range of $0.37 to $0.44 per diluted share, above estimates of a $0.36 per share loss.

Aeropostale Inc traded at $2.90 in the aftermarket, down 9.09 percent.