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Tiffany Montgomery
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PacSun April results rise but Q1 down

PacSun April results rise but
By Tiffany Montgomery
May 08, 2008 7:35 AM

Pacific Sunwear recorded a 4 percent increase in same store sales in April at its PacSun chain.


But same-store sales for the quarter declined 1 percent which will impact profits, the company said. PacSun now expects a net loss of 17 to 18 cents per diluted share for the first quarter, which includes a charge of 7 cents per share in connection with the sale of its distribution center in Anaheim. Analysts on average had expected a loss of 7 cents per share.


April results


Apparel comps: up 22 percent

Juniors comps: up mid 30s

Strong juniors categories: tops, dresses, Bullhead denim


Guys comps: up low double digits

Strong guys categories: tops, shorts, basic denim


Strong regions
: New England, Mid-Atlantic, Texas

Weak regions: Desert Southwest, Rocky Mountains, Florida, Southern California


More on: PacSun, earnings, sales

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