NEW YORK — Aeropostale said a charge turned profits into a loss in its second quarter, but the New York-based specialty retailer said it is seeing strong sales in stores with an earlier back-to-school season.

In the quarter ended Aug. 3, the teen retailer’s net loss expanded to $2 million, or 6 cents a diluted share, which included a $3.9 million pre-tax, non-cash charge related to equity based compensation. Excluding the charge, the firm had income of $334,000, or 1 cent. Last year, it recorded a loss of $1.7 million, or 6 cents. Aeropostale finished the quarter 3 cents above consensus estimates for a loss of 2 cents a share.

To Read the Full Article

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus