Retail Big Losers: ARO, AEO, BKE Thursday, November 5, 2:46 PM ET
Aeropostale reported record October sales results, but that wasn't enough for analysts, who were expecting higher. Net sales increased 9% year over year, while same store sales were up 3%. The company also raised its third quarter earnings guidance, to a range of between 90 and 91 cents per share. That's up from the prior guidance range of 84 to 85 cents. Shares were down 13% in trading on Thursday.
Shares of American Eagle Outfitters (NYSE:AEO) were off 11% after announcing October sales fell 5% year over year, with same store sales also declining 5%. The company lifted the low end of its third quarter non-GAAP earnings guidance range by a penny, to 20 cents. The high end of the range remained at 21 cents.
And October sales at The Buckle (NYSE:BKE) also disappointed investors Thursday, even as comparable store sales increased 4.3% year over year. Net sales were up 10 and a half percent. Shares of The Buckle were trading about 8% lower.
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