By  on August 21, 2014

Teen retailer Aéropostale Inc. posted a wider second-quarter loss, as well as a decline in sales.

For the three months ended Aug. 2, the net loss nearly doubled to $63.8 million, or 81 cents a diluted share, from a net loss of $33.7 million, or 43 cents, a year ago. Excluding certain charges such as store impairment costs and consulting fees, the adjusted net loss was $36 million, or 46 cents a diluted share, in the current quarter, beating Wall Street’s consensus of an earnings per share loss of 49 cents. Net sales fell 12.7 percent to $396.2 million from $454 million, as comps fell 13 percent on top of the 15 percent decline a year ago.

To continue reading this article...

To Read the Full Article

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus