More strong results for ARO

Article Excerpt

AEROPOSTALE INC. $29.17 (New York symbol ARO; SI Rating: Extra Risk) (646-485-5410; www.aeropostale.com; Shares outstanding: 93.5 million; Market cap: $2.7 billion; No dividends paid) reports that its June same-store sales rose 8% from a year earlier. The company’s low prices and popular styles were the main reasons for its strong performance. For the five-week period ended July 4, 2010, total sales (including new stores) were $186.8 million. That’s a 14% increase over the same period a year earlier. Aeropostale’s profit margins rose, as well, so it’s getting the full benefit of the higher sales. Unlike many clothing retailers, it’s not boosting sales by selling discounted merchandise. Aeropostale is still a buy. buy…