Rob Banks
1
All posts from Rob Banks
Rob Banks in Rob Banks,

Aeropostale Shares Plummetted As Their Loss Increases

Aeropostale reported a net loss of $76.8 million (98 cents per share) this first quarter. It is much worse compared to the $12.2 million loss (16 cents/share) from the year before. The retailer confirmed that sales dropped 12% reaching $395.9 million.

Aeropostale wasn't the one store to experience this as other retailers were affected by the lower mall traffic and bad weather as well. All these challenges made 1st quarter business suffer more than the usual. For the 2nd quarter, the company expects a loss of around 60 cents per share. Their share fell 11% in after hours trading.