Seeking Alpha

Geiger returns as Aeropostale CEO; FQ2 results pre-announced

  • Two years after resigning as Aeropostale's (NYSE:ARO) CEO, Julian Geiger has returned to take the top job.
  • 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.

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Comments (1)
  • reach
    , contributor
    Comments (57) | Send Message
     
    nuff said.
    18 Aug 2014, 10:13 PM Reply Like
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