NEW YORK — Increased promotional pressures erased a sales gain at Aeropostale Inc. and led to an 8.3 percent decrease in third-quarter profits.
The New York-based specialty retailer, which sells casual apparel and accessories to young adults, said for the three months ended Nov. 2, its income dropped to $15 million, or 39 cents a share, at the upper end of its revised guidance. Income in the year-ago quarter was $16.4 million, or 45 cents, including income of $1.6 million related to an accounting change for negative goodwill. Excluding the gain, earnings were 40 cents.
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