Aeropostale Inc., which sells teen clothing, said Thursday that its June revenue at stores open at least a year rose 8 percent, beating analysts' expectations.
Analysts surveyed by Thomson Reuters, on average, expected the figure to rise 7.3 percent. Revenue at stores open at least a year is a key indicator of a retailer's performance because it excludes results from stores that open or close during the year.
Aeropostale's total sales for the five weeks that ended July 3 rose 14 percent to $186.8 million from $163.2 million last year.
For the year through July 3, total sales rose 13 percent to $792.1 million, while revenue at stores open at least a year rose 7 percent.
The company said the later Memorial Day helped June's results. It also said its margins continued to rise from a year earlier and its inventories are well positioned for the back-to-school season.
The company currently operates 900 Aeropostale stores in 49 states and Puerto Rico, 46 Aeropostale stores in Canada and 31 P.S. from Aeropostale stores in 12 states.
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