Thomas P. Johnson will be stepping down as CEO, and leaving Aeropostale's board. Geiger re-joined Aeropostale's board in May.
The struggling apparel retailer also says it had FQ2 sales of $396.2M (-13% Y/Y), slightly above a $395.4M consensus. Including $0.37-$0.39/share in charges, FQ2 EPS is expected to be in a range of -$0.80 to -$0.83.
Backing out charges, EPS is expected to be in a range of -$0.42 to -$0.45; consensus is at -$0.58. Comparable sales fell 13% Y/Y in FQ2, even with FQ1's decline.
ARO +9.6% AH.