Aeropostale Appoints CFO Marc Miller As COO; Boosts Q4 Outlook

(RTTNews) - Aeropostale, Inc. (ARO) said Monday that it has appointed Executive Vice President and Chief Financial Officer, Marc Miller, as Executive Vice President and Chief Operating Officer.

Miller joined Aeropostale in 2005 as Vice President of Strategic Planning and New Business Development and was promoted to Group Vice President in 2006, Senior Vice President in 2007 and appointed Chief Financial Officer in 2010.

In his new role, Miller will be responsible for all aspects of supply chain management, including production, planning and allocation, and logistics, real estate and construction. He will also be responsible for human resources, and continue to be responsible for strategic planning and new business development, including international licensing.

David Dick will join Aeropostale as Senior Vice President and Chief Financial Officer on February 17. From 2009 to 2014, Dick served as the Senior Vice President, Chief Financial Officer and Treasurer of dELiA*s, Inc., after serving as Vice President, Controller and Chief Accounting Officer of the retailer from 2008 to 2009.

Aeropostale also said that comparable sales, including the e-commerce channel, for the fourth quarter of 2014 fell 9%, while net sales for the quarter decreased 11% to $594.5 million, from $670.0 million in the year ago period.

Based on better than expected sales, margins, and expense management for the month of January, the company now expects a net loss for the fourth quarter in the range of $0.06 to $0.01 per share, compared to its prior guidance of a loss of $0.25 to $0.31 per share.

Analysts polled by Thomson Reuters expect the company to report a loss of $0.27 pr share on revenue of $577.67 million for the fourth quarter. Analysts' estimates typically exclude special items.

The company expects to announce fourth quarter and fiscal 2014 earnings results on TMarch 12 at 4:15 PM (EST).