A E Ropostale Total Income In The Fourth Quarter Is $594 Million 500 Thousand.
A ropostale Inc. (NYSE:ARO), the US youth apparel retailer, lowered its four quarter loss forecast yesterday, stimulating its share price to soar by 27%.
Due to the holiday season
Sale
Performance is better than expected. A e ropostale Inc (NYSE:ARO) expects a loss of $0.01-0.06 per share in the fourth quarter, much lower than previously predicted 0.25-0.31 dollars, while analysts expect $0.28.
Quarterly revenues totaled $594 million 500 thousand, higher than analysts' expectations of $579 million, but fell by 11.2% compared with $670 million in the 2013 fiscal year.
Same store sales fell 9%, down from 15% in the same period of the previous year.
The group also announced the appointment of the current chief financial officer.
Marc Miller
He will be pferred to chief operating officer and his position will be filled by David Dick.
David Dick is bankrupt.
Girl Dress
The former chief financial officer of retailer Delia's Inc..
The two will be both executive vice presidents and senior vice presidents.
The group will release its four quarter and 2014 fiscal year in March 12th.
A e ropostale Inc. (NYSE:ARO) reported a $2.64 gain on Monday, rising 5.18% all day and 23.86% further to 3.27 dollars after the market.
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In the context of the fastest selling holiday sales growth recorded in the US retail industry in 2011, the fourth quarter sales data of Urban Outfitters Inc. (NASDAQ:URBN), the US fashion retailer, were better than market expectations, stimulating its share price to rise by nearly 8.1% on Monday.
In the four quarter ended January 31, 2015, Urban Outfitters Inc. (NASDAQ:URBN) sales totaled $1 billion 11 million, which was 988 million higher than the market forecast and 11.49% higher than the 906 million US $2013 in the same period of fiscal year 2013.
The same store sales increased by 6%, while Free People continued to take the lead by a 18% increase. The flagship brand Urban Outfitters increased by 4%, while Anthropologie increased by 6%.
Urban Outfitters Inc. (NASDAQ:URBN) CEO Hayne Hayne pointed out that promotional activities in the holiday season were more intense than expected, but the stability and progress of Urban Outfitters brand was encouraging.
In the whole year, group sales increased by 7.64% to US $3 billion 323 million compared with the same period, and the same store sales increased by 2%.
Urban Outfitters Inc. (NASDAQ:URBN) fell slightly 0.42% to 36.51 dollars on Monday, rising 6.96% to 39.05 dollars after the session.
The group will announce its four quarter and 2014 fiscal year in March 9th.
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