Barclays analysts downgraded ARO stock after especially weak same-store sales increases. Same-store sales the week of November 2-8 increased by only 1%, less than the expected 2.9%. ARO had previously been doing much better than other retail companies as consumers flock to lower-priced brands, however its success seems to be slowing.
Aeropostale reported second quarter earnings of $0.31 per share. This beat last year's second quarter results of $0.19 per share by 65%
Aeropostale reported same store sales growth of 6.6% for the month of November, a key indicator of how the retailer is faring during the holiday shopping season. Aeropostale's 6.6% appear to be strong compared with same store sales growth at competing companies: 0% at American Eagle Outfitters and 2% at Abercrombie & Fitch.
Aeropostale's shares split 3:2 on August 22, 2007.
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