Aéropostale Loss Wider Than Estimates, Q2 Outlook Weak; Stock Down 11%

(RTTNews) - Struggling teen-apparel retailer Aéropostale Inc (ARO) on Thursday reported first-quarter net loss of $45.3 million or $0.57 per share compared with a loss of $76.8 million or $0.98 per share last year.

Excluding items, adjusted loss for the quarter was $0.56 per share compared with a loss of $0.52 per share a year ago.

Revenues for the quarter fell 20% to $318.6 million from $395.9 million a year ago.

Analysts polled by Thomson Reuters estimated a loss of $0.55 per share on revenues of $325 million for the quarter. Analysts' estimates typically exclude special items.

Comparable sales for the quarter decreased 11%.

For the second quarter, the company expects net loss of $0.60 to $0.52 per share, while analysts expect a loss of $0.37 per share.