NEW YORK, Aug. 27, 2015 /PRNewswire/ -- Aeropostale,
Inc. (NYSE: ARO), a mall-based specialty retailer of casual apparel
for young women and men, today reported results for the second
quarter of fiscal 2015, and provided guidance for the third quarter
of fiscal 2015.
Second Quarter Performance
For the second quarter of
fiscal 2015, net sales decreased 17% to $326.9 million, from $396.2 million in the year ago period. Comparable
sales, including the e-commerce channel, for the second quarter of
fiscal 2015 decreased 8%, compared to a decrease of 13% for the
corresponding 13-week period ended August 2,
2014.
The Company reported a net loss for the second quarter of fiscal
2015 of $43.7 million, or
$0.55 per diluted share, which
included:
- an after-tax charge of approximately $2.9 million, or $0.04 per diluted share, resulting from store
closing costs;
- and an after-tax charge of $2.4
million, or $0.03 per diluted
share, due to consulting fees; offset by
- an after-tax benefit of $6.4
million, or $0.08 per diluted
share, due to reversals of previously established exit cost
obligation liabilities resulting from subsequent lease
terminations.
Excluding the aforementioned charges, the Company reported an
adjusted net loss of $44.8 million,
or $0.56 per diluted share in the
second quarter of fiscal 2015 (see Exhibit D).
The Company reported an operating loss for the second quarter of
fiscal 2015 of $37.4 million or,
excluding the aforementioned charges, an adjusted operating loss of
$38.6 million.
Julian R. Geiger, Chief Executive
Officer, commented, "The second quarter was an important
transitional time for us in which we set the stage for the second
half of the year. We attained very high levels of merchandise
currency, we delivered our new back to school merchandise, and we
refocused our marketing efforts around key items, all while
attaining operating results consistent with the better end of our
guidance."
Cash and Investments
The Company ended the quarter with cash and cash equivalents of
$86.5 million and $142.7 million in long-term debt.
The Company closed 23 Aeropostale stores during the quarter. For
the second quarter, the Company invested $6.0 million in planned capital expenditures.
On August 18, 2015, the Company
closed on an amended credit facility. This $215 million credit facility now expires in
February 2019 at the earliest, aligns
with the Company's current asset base and increases overall
availability as compared to the previous credit facility.
Third Quarter Guidance
For the third quarter of fiscal
2015, the Company expects operating losses in the range of
$19.0 to $25.0 million, which
translates to a net loss in the range of $0.30 to $0.38 per diluted share. The
effective tax rate for the third quarter is projected to be
approximately 4.0%. This outlook excludes the impact of any
store impairments or accelerated store closing costs which may be
identified, and consulting fees.
Mr. Geiger continued, "We are encouraged by our progress during
the initial part of the Back-To-School season, especially the
significant improvement in our girls business. Our third
quarter outlook reflects a continuation of the momentum we have
generated in the quarter-to-date period. This guidance
indicates a significant reduction in operating loss versus last
year."
Use of Non-GAAP Measures
The Company believes that the
disclosure of adjusted net loss and adjusted loss, which are
non-GAAP financial measures, provides investors with useful
information to help them better understand the Company's results
(see Exhibit D).
Conference Call Information
The Company will be
holding a conference call today at 4:15 P.M.
ET to review its second quarter results. The broadcast will
be available through the 'Investor Relations' link at
www.aeropostale.com or by dialing 877-407-9039 approximately
10 minutes prior to the scheduled time with the passcode
"Aeropostale." A replay will be available approximately one
hour after the recording through Thursday,
September 3, 2015 and can be accessed by dialing
877-870-5176, using the required passcode 13617667. An
archive will also be available at the Aeropostale website for 12
months.
About Aeropostale, Inc.
Aeropostale, Inc. is a
specialty retailer of casual apparel and accessories, principally
targeting 14 to 17 year-old young women and men through its
Aeropostale stores and website and 4 to 12 year-olds through its
P.S. from Aeropostale stores and website. The Company
provides customers with a focused selection of high quality fashion
and fashion basic merchandise at compelling values in an exciting
and customer friendly store environment. Aeropostale
maintains control over its proprietary brands by designing,
sourcing, marketing and selling all of its own merchandise, other
than in licensed stores. Aeropostale products can be
purchased in Aeropostale stores and online at
www.aeropostale.com. P.S. from Aeropostale products can be
purchased in P.S. from Aeropostale stores, in certain Aeropostale
stores and online at www.ps4u.com and www.aeropostale.com. The
Company currently operates 759 Aeropostale® stores in 50 states and
Puerto Rico, 41 Aeropostale stores
in Canada and 26 P.S. from
Aeropostale® stores in 12 states. In addition, pursuant to various
licensing agreements, the Company's licensees currently operate 286
Aeropostale® and P.S. from Aeropostale® locations in the
Middle East, Asia, Europe,
and Latin America. Since November
2012, Aeropostale, Inc. has operated GoJane.com, an online
women's fashion footwear and apparel retailer. GoJane
products can be purchased online at www.gojane.com.
SPECIAL NOTE: THIS PRESS RELEASE AND ORAL STATEMENTS MADE FROM
TIME TO TIME BY REPRESENTATIVES OF THE COMPANY CONTAIN CERTAIN
"FORWARD-LOOKING STATEMENTS" CONCERNING EXPECTATIONS FOR SALES,
STORE OPENINGS, GROSS MARGINS, EXPENSES, STRATEGIC DIRECTION AND
EARNINGS. ACTUAL RESULTS MIGHT DIFFER MATERIALLY FROM THOSE
PROJECTED IN THE FORWARD-LOOKING STATEMENTS. AMONG THE FACTORS THAT
COULD CAUSE ACTUAL RESULTS TO MATERIALLY DIFFER INCLUDE, CHANGES IN
THE COMPETITIVE MARKETPLACE, INCLUDING THE INTRODUCTION OF NEW
PRODUCTS OR PRICING CHANGES BY OUR COMPETITORS, CHANGES IN THE
ECONOMY AND OTHER EVENTS LEADING TO A REDUCTION IN DISCRETIONARY
CONSUMER SPENDING; SEASONALITY; RISKS ASSOCIATED WITH CHANGES IN
SOCIAL, POLITICAL, ECONOMIC AND OTHER CONDITIONS AND THE POSSIBLE
ADVERSE IMPACT OF CHANGES IN CURRENCY EXCHANGE RATES AND IMPORT
RESTRICTIONS; RISKS ASSOCIATED WITH THE COMPANY'S DEBT
ARRANGEMENTS; RISKS ASSOCIATED WITH UNCERTAINTY RELATING TO THE
COMPANY'S ABILITY TO IMPLEMENT ITS TURNAROUND STRATEGIES, AS
WELL AS THE OTHER RISK FACTORS SET FORTH IN THE COMPANY'S FORM 10-K
AND QUARTERLY REPORTS ON FORM 10-Q, FILED WITH THE SECURITIES AND
EXCHANGE COMMISSION. THE COMPANY UNDERTAKES NO OBLIGATION TO UPDATE
OR REVISE ANY FORWARD-LOOKING STATEMENTS TO REFLECT SUBSEQUENT
EVENTS
Company Contact:
Susan Lewis/VP, Investor & Media
Relations
(646) 364-0215 or slewis@aeropostale.com
Media Contact:
Rachel Rosenblatt, FTI
Consulting
(212) 850-5697
EXHIBIT
A
|
|
|
|
|
|
|
|
|
|
AEROPOSTALE,
INC.
|
CONDENSED
CONSOLIDATED BALANCE SHEETS
|
(In
thousands)
|
|
|
|
|
|
August 1,
2015
|
|
|
January 31,
2015
|
|
|
August 2,
2014
|
|
|
(Unaudited)
|
|
|
|
|
|
(Unaudited)
|
ASSETS
|
|
|
|
|
|
|
|
|
Current
Assets:
|
|
|
|
|
|
|
|
|
Cash and cash
equivalents
|
$
|
86,515
|
|
$
|
151,750
|
|
$
|
152,274
|
Merchandise
inventory
|
|
170,679
|
|
|
130,474
|
|
|
213,016
|
Other current
assets
|
|
46,346
|
|
|
67,063
|
|
|
52,967
|
Total current
assets
|
|
303,540
|
|
|
349,287
|
|
|
418,257
|
|
|
|
|
|
|
|
|
|
Fixtures, equipment
and improvements, net
|
|
118,941
|
|
|
130,109
|
|
|
170,504
|
Goodwill and
intangible assets
|
|
22,351
|
|
|
22,728
|
|
|
28,204
|
Other
assets
|
|
8,551
|
|
|
10,065
|
|
|
17,817
|
|
|
|
|
|
|
|
|
|
TOTAL
ASSETS
|
$
|
453,383
|
|
$
|
512,189
|
|
$
|
634,782
|
|
|
|
|
|
|
|
|
|
LIABILITIES AND
STOCKHOLDERS' EQUITY
|
|
|
|
|
|
|
|
|
Current
Liabilities:
|
|
|
|
|
|
|
|
|
Accounts
payable
|
$
|
136,236
|
|
$
|
88,289
|
|
$
|
137,307
|
Accrued
expenses
|
|
81,185
|
|
|
110,560
|
|
|
109,556
|
Total current
liabilities
|
|
217,421
|
|
|
198,849
|
|
|
246,863
|
|
|
|
|
|
|
|
|
|
Long-term
debt
|
|
142,687
|
|
|
138,540
|
|
|
133,590
|
|
|
|
|
|
|
|
|
|
Other non-current
liabilities
|
|
84,421
|
|
|
81,248
|
|
|
101,828
|
|
|
|
|
|
|
|
|
|
Stockholders'
equity
|
|
8,854
|
|
|
93,552
|
|
|
152,501
|
|
|
|
|
|
|
|
|
|
TOTAL LIABILITIES AND
STOCKHOLDERS' EQUITY
|
$
|
453,383
|
|
$
|
512,189
|
|
$
|
634,782
|
EXHIBIT
B
|
|
|
|
|
|
|
|
|
|
|
AEROPOSTALE,
INC.
|
CONDENSED
CONSOLIDATED STATEMENTS OF OPERATIONS AND
|
SELECTED STORE
DATA
|
(In
thousands, except per share and store data)
|
(Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
13 weeks
ended
|
|
|
August 1,
2015
|
|
|
August 2,
2014
|
|
|
|
|
% of
sales
|
|
|
|
|
% of
sales
|
Net
sales
|
$
|
326,861
|
|
100.0%
|
|
$
|
396,155
|
|
100.0%
|
|
|
|
|
|
|
|
|
|
|
Cost of sales
(including certain buying, occupancy and
warehousing expenses) (1)
|
|
268,532
|
|
82.2%
|
|
|
333,605
|
|
84.2%
|
|
|
|
|
|
|
|
|
|
|
Gross
profit
|
|
58,329
|
|
17.8%
|
|
|
62,550
|
|
15.8%
|
|
|
|
|
|
|
|
|
|
|
Selling, general and
administrative expenses (2)
|
|
101,826
|
|
31.2%
|
|
|
121,182
|
|
30.6%
|
|
|
|
|
|
|
|
|
|
|
Restructuring
(benefit) charges (3)
|
|
(6,066)
|
|
-1.9%
|
|
|
3,019
|
|
0.8%
|
|
|
|
|
|
|
|
|
|
|
Loss from
operations
|
|
(37,431)
|
|
(11.5)%
|
|
|
(61,651)
|
|
(15.6)%
|
|
|
|
|
|
|
|
|
|
|
Interest
expense
|
|
2,848
|
|
0.9%
|
|
|
2,424
|
|
0.6%
|
|
|
|
|
|
|
|
|
|
|
Loss before income
taxes
|
|
(40,279)
|
|
(12.4)%
|
|
|
(64,075)
|
|
(16.2)%
|
|
|
|
|
|
|
|
|
|
|
Income tax expense
(benefit) (4)
|
|
3,380
|
|
1.0%
|
|
|
(256)
|
|
(0.1)%
|
|
|
|
|
|
|
|
|
|
|
Net loss
|
$
|
(43,659)
|
|
(13.4)%
|
|
$
|
(63,819)
|
|
(16.1)%
|
|
|
|
|
|
|
|
|
|
|
Basic loss per
share
|
$
|
(0.55)
|
|
|
|
$
|
(0.81)
|
|
|
|
|
|
|
|
|
|
|
|
|
Diluted loss per
share
|
$
|
(0.55)
|
|
|
|
$
|
(0.81)
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average
basic shares
|
|
79,570
|
|
|
|
|
78,753
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average
diluted shares
|
|
79,570
|
|
|
|
|
78,753
|
|
|
|
|
|
|
|
|
|
|
|
|
STORE
DATA:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Comparable sales
change (including e-commerce channel)
|
|
(8)%
|
|
|
|
|
(13)%
|
|
|
|
|
|
|
|
|
|
|
|
|
Stores open at end of
period
|
|
826
|
|
|
|
|
1,072
|
|
|
|
|
|
|
|
|
|
|
|
|
Total square footage
at end of period
|
|
3,180,595
|
|
|
|
|
4,006,232
|
|
|
|
|
|
|
|
|
|
|
|
|
Average square
footage during period
|
|
3,233,657
|
|
|
|
|
4,031,075
|
|
|
|
|
|
|
|
|
|
|
|
|
(1) Cost of sales for
the second quarter of 2015 was unfavorably impacted by store
closing costs of $2.6 million ($2.9 million after tax, or $0.04 per
diluted share). Cost of sales for the second quarter of 2014
was unfavorably impacted by asset impairment charges of $19.0
million ($18.5 million after tax, or $0.23 per diluted
share).
|
|
|
|
|
|
|
|
|
|
|
(2) Selling, general
and administrative expenses for the second quarter of 2015 was
unfavorably impacted by real estate consulting fees of $2.3 million
($2.4 million after tax, or $0.03 per diluted share).
Selling, general and administrative expenses for the second quarter
of 2014 was unfavorably impacted by consulting fees of $3.1 million
($3.0 million after tax, or $0.04 per diluted share).
|
|
|
|
|
|
|
|
|
|
|
(3) Restructuring
charges for the second quarter of 2015 included the benefit of
reversals of previously established exit cost obligation
liabilities resulting from subsequent lease terminations of $6.1
million ($6.4 million after tax, or $0.08 per diluted share).
Restructuring charges for the second quarter of 2014 included
severance and other exit costs of $3.0 million ($2.9 million after
tax, or $0.04 per diluted
share).
|
|
|
|
|
|
|
|
|
|
|
(4) Income tax
benefit for the second quarter of fiscal 2014 was unfavorably
impacted by the establishment of reserves against net deferred tax
assets of $3.4 million after tax, or $0.04 per diluted
share.
|
EXHIBIT
C
|
|
|
|
|
|
|
|
|
|
|
AEROPOSTALE,
INC.
|
CONDENSED
CONSOLIDATED STATEMENTS OF OPERATIONS AND
|
SELECTED STORE
DATA
|
(In
thousands, except per share and store data)
|
(Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
26 weeks
ended
|
|
|
August 1,
2015
|
|
|
August 2,
2014
|
|
|
|
|
% of
sales
|
|
|
|
|
% of
sales
|
Net
sales
|
$
|
645,504
|
|
100.0%
|
|
$
|
792,013
|
|
100.0%
|
|
|
|
|
|
|
|
|
|
|
Cost of sales
(including certain buying, occupancy and
warehousing expenses) (1)
|
|
528,052
|
|
81.8%
|
|
|
658,966
|
|
83.2%
|
|
|
|
|
|
|
|
|
|
|
Gross
profit
|
|
117,452
|
|
18.2%
|
|
|
133,047
|
|
16.8%
|
|
|
|
|
|
|
|
|
|
|
Selling, general and
administrative expenses (2)
|
|
201,347
|
|
31.2%
|
|
|
240,627
|
|
30.4%
|
|
|
|
|
|
|
|
|
|
|
Restructuring
(benefit) charges (3)
|
|
(6,008)
|
|
-0.9%
|
|
|
37,508
|
|
4.7%
|
|
|
|
|
|
|
|
|
|
|
Loss from
operations
|
|
(77,887)
|
|
(12.1)%
|
|
|
(145,088)
|
|
(18.3)%
|
|
|
|
|
|
|
|
|
|
|
Interest
expense
|
|
6,235
|
|
0.9%
|
|
|
2,773
|
|
0.4%
|
|
|
|
|
|
|
|
|
|
|
Loss before income
taxes
|
|
(84,122)
|
|
(13.0)%
|
|
|
(147,861)
|
|
(18.7)%
|
|
|
|
|
|
|
|
|
|
|
Income tax expense
(benefit) (4)
|
|
4,805
|
|
0.8%
|
|
|
(7,260)
|
|
(0.9)%
|
|
|
|
|
|
|
|
|
|
|
Net loss
|
$
|
(88,927)
|
|
(13.8)%
|
|
$
|
(140,601)
|
|
(17.8)%
|
|
|
|
|
|
|
|
|
|
|
Basic loss per
share
|
$
|
(1.12)
|
|
|
|
$
|
(1.79)
|
|
|
|
|
|
|
|
|
|
|
|
|
Diluted loss per
share
|
$
|
(1.12)
|
|
|
|
$
|
(1.79)
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average
basic shares
|
|
79,423
|
|
|
|
|
78,655
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average
diluted shares
|
|
79,423
|
|
|
|
|
78,655
|
|
|
|
|
|
|
|
|
|
|
|
|
STORE
DATA:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Comparable sales
change (including e-commerce channel)
|
|
(9)%
|
|
|
|
|
(13)%
|
|
|
|
|
|
|
|
|
|
|
|
|
Average square
footage during period
|
|
3,261,443
|
|
|
|
|
4,048,609
|
|
|
|
|
|
|
|
|
|
|
|
|
(1) Cost of sales for
the first twenty-six weeks of 2015 was unfavorably impacted by
store closing costs of $4.9 million ($5.1 million after tax, or
$0.06 per diluted share). Cost of sales for the first
twenty-six weeks of 2014 was unfavorably impacted by asset
impairment charges of $21.6 million ($21.0 million after tax, or
$0.27 per diluted share).
|
|
|
|
|
|
|
|
|
|
|
(2) Selling, general
and administrative expenses for the first twenty-six weeks of 2015
were unfavorably impacted by real estate consulting fees of $2.3
million ($2.4 million after tax, or $0.04 per diluted share) and
favorably impacted by a retirement plan settlement adjustment of
$1.1 million ($1.1 million after tax, or $0.01 per diluted
share). Selling, general and administrative expenses
for the first twenty-six weeks of 2014 was unfavorably impacted by
consulting fees of $3.4 million ($3.3 million after tax, or $0.04
per diluted share).
|
|
|
|
|
|
|
|
|
|
|
(3) Restructuring
charges for the first twenty-six weeks of 2015 included the benefit
of reversals of previously established exit cost obligation
liabilities resulting from subsequent lease terminations of $6.0
million ($6.4 million after tax, or $0.09 per diluted share).
Restructuring charges for the first twenty-six weeks of 2014
included store asset impairment charges of $30.5 million ($29.1
million after tax, or $0.37 per diluted share) and other
restructuring charges of $7.0 million ($6.7 million after tax, or
$0.09 per diluted
share).
|
|
|
|
|
|
|
|
|
|
|
(4) Income tax
benefit for the first twenty-six weeks of fiscal 2014 was
unfavorably impacted by the establishment of reserves against net
deferred tax assets of $3.4 million after tax, or $0.04 per diluted
share.
|
EXHIBIT
D
|
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|
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|
|
|
|
|
|
|
|
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|
|
|
|
|
AEROPOSTALE,
INC.
|
RECONCILIATION OF
OPERATING LOSS, NET LOSS AND DILUTED LOSS PER SHARE
|
(In thousands,
except per share data)
|
(Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
|
|
|
|
|
|
|
|
|
|
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|
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|
|
|
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|
|
The following
table presents a reconciliation of operating loss, net loss and
diluted loss per share on a GAAP basis to the non-GAAP adjusted
basis discussed in this release.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
13 weeks
ended
|
|
August 1,
2015
|
|
August 2,
2014
|
|
|
Operating
Loss
|
|
Net
Loss
|
|
|
Diluted
EPS
|
|
|
Operating
Loss
|
|
Net
Loss
|
|
|
Diluted
EPS
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As
reported
|
$
|
(37,431)
|
|
$
|
(43,659)
|
|
$
|
(0.55)
|
|
$
|
(61,651)
|
|
$
|
(63,819)
|
|
$
|
(0.81)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Restructuring charges
(benefit) (1)
|
|
(6,066)
|
|
|
(6,428)
|
|
|
(0.08)
|
|
|
3,019
|
|
|
2,927
|
|
|
0.04
|
Store closing
costs
|
|
2,646
|
|
|
2,864
|
|
|
0.04
|
|
|
-
|
|
|
-
|
|
|
-
|
Consulting
costs
|
|
2,283
|
|
|
2,420
|
|
|
0.03
|
|
|
3,101
|
|
|
2,980
|
|
|
0.04
|
Store asset
impairment charges
|
|
-
|
|
|
-
|
|
|
-
|
|
|
19,009
|
|
|
18,486
|
|
|
0.23
|
Establishment of
reserves against
|
|
-
|
|
|
-
|
|
|
-
|
|
|
-
|
|
|
3,440
|
|
|
0.04
|
net deferred tax
assets
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As
adjusted
|
$
|
(38,568)
|
|
$
|
(44,803)
|
|
$
|
(0.56)
|
|
$
|
(36,522)
|
|
$
|
(35,986)
|
|
$
|
(0.46)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
26 weeks
ended
|
|
August 1,
2015
|
|
August 2,
2014
|
|
|
Operating
Loss
|
|
Net
Loss
|
|
|
Diluted
EPS
|
|
|
Operating
Loss
|
|
Net
Loss
|
|
|
Diluted
EPS
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As
reported
|
$
|
(77,887)
|
|
$
|
(88,927)
|
|
$
|
(1.12)
|
|
$
|
(145,088)
|
|
$
|
(140,601)
|
|
$
|
(1.79)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Restructuring charges
(benefit) (1)
|
|
(6,008)
|
|
|
(6,368)
|
|
|
(0.09)
|
|
|
7,011
|
|
|
6,731
|
|
|
0.09
|
Store closing
costs
|
|
4,856
|
|
|
5,147
|
|
|
0.06
|
|
|
-
|
|
|
-
|
|
|
-
|
Consulting
costs
|
|
2,283
|
|
|
2,420
|
|
|
0.04
|
|
|
3,387
|
|
|
3,252
|
|
|
0.04
|
Retirement plan
settlement adjustment
|
|
(1,064)
|
|
|
(1,099)
|
|
|
(0.01)
|
|
|
-
|
|
|
-
|
|
|
-
|
Store asset
impairment charges (2)
|
|
-
|
|
|
-
|
|
|
-
|
|
|
52,133
|
|
|
50,047
|
|
|
0.64
|
Establishment of
reserves against
|
|
-
|
|
|
-
|
|
|
-
|
|
|
-
|
|
|
3,440
|
|
|
0.04
|
net deferred tax
assets
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As
adjusted
|
$
|
(77,820)
|
|
$
|
(88,827)
|
|
$
|
(1.12)
|
|
$
|
(82,557)
|
|
$
|
(77,131)
|
|
$
|
(0.98)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(1)Net of reversal of
restructuring liabilities.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(2) Includes $30.5
million ($29.1 million, after tax) recorded in restructuring
charges and $21.6 million ($21.0 million, after tax) recorded in
cost of sales in the statement of operations for the first
twenty-six weeks of 2014.
|
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/aeropostale-reports-results-for-second-quarter-of-fiscal-2015-300134395.html
SOURCE Aeropostale, Inc.