After reporting earnings last night that fell far short of the consensus estimate, Aeropostale Inc. (NYSE: ARO) shares are down this morning after the company lowered its fourth-quarter outlook significantly below expectations as well. The company has struggled with sales and profits for a while now, and shares were pummeled in early August when the company lowered guidance.
Aeropostale has missed some trends that are crucial to its teen customers and has tried to jump back into the game in its women’s apparel as well. The company’s CEO blames promotional pricing pressure from competitors like Abercrombie & Fitch Co. (NYSE: ANF) and other mall-based stores.
That competition will only get fiercer as the holiday shopping season heads toward the end of December, and if Aeropostale is worried now, things could get a lot worse before they get better.
Shares are down about 6% this morning, at $13.28 in a 52-week range of $11.76 to $23.05.
Paul Ausick
Want to Retire Early? Start Here (Sponsor)
Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.