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Reuters
Published
Mar 14, 2010
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Aeropostale net profit up 44 percent, shares rise

By
Reuters
Published
Mar 14, 2010

SAN FRANCISCO, March 11 (Reuters) - Teen retailer Aeropostale Inc (ARO.N) on Thursday 11 March posted a sharply higher quarterly net profit on strong holiday sales, sending its shares up 5 percent.

Aeropostale
Aeropostale

The company has been on a tear during the economic downturn, attracting teens on a budget who reject the higher prices of rivals such as Abercrombie & Fitch Co (ANF.N).

Net profit rose 44 percent to $96.6 million, or 99 cents per share, from $68.2 million, or 67 cents per share, a year earlier.

Revenue jumped 16 percent to $801.2 million from $690.0 million.

Aeropostale estimated first-quarter earnings of 39 cents to 40 cents. Full-year earnings should grow by about 15 percent, the company said.

Aeropostale shares rose 5 percent to $28.48 after closing up 2.4 percent at $27.05 on the New York Stock Exchange.

(Reporting by Alexandria Sage; Editing by Richard Chang)

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