Sponsors
Billabong ▼ -0.005 | PPR ▲ +9.40 | American Apparel ▼ -0.027 | The Buckle ▼ -0.67 | Columbia ▼ -0.03 | Deckers Outdoor ▲ +0.41 | Dicks ▼ -0.24 | Foot Locker ▲ +0.03 | Genesco ▼ -0.38 | Iconix Brand Group ▲ +0.23 | Jarden Corp ▼ -0.22 | Nordstrom ▼ -0.57 | Luxottica ▲ +1.34 | Nike ▲ +1.31 | Pacific Sunwear ▼ -0.026 | Skullcandy ▼ -0.09 | Sport Chalet - 0 | Urban Outfitters ▼ -0.34 | VF Corp ▲ +0.53 | Quiksilver ▲ +0.010 | Zumiez ▼ -0.26 | Macys ▼ -1.35 | Tillys ▼ -0.47 |
Ticker Sponsor
Professional Services
Intrepid Investment Bankers

Intrepid Investment Bankers is a specialty investment bank that provides M&A, capital raising and strategic advisory services to middle-market companies across various industry sectors.  We have a unique culture rooted in our founders’ successful 30-year history of advising entrepreneur and family-owned businesses, financial sponsors and major corporations. We believe that every company has an entrepreneurial passion that drives it and a story that defines it.  We deliver unconventional results through our unique ability to tell each client’s story, and drive relentless execution through senior banker immersion in each process. We augment our international capabilities through our membership and active participation in M&A International Inc., an exclusive global alliance of select independent middle-market M&A advisory firms. Member FINRA/SIPC.  Follow Intrepid

More Professional Services...
Readers Say
Useful on a daily basis
Useful on a daily basis

It's well balanced information that is useful on a daily basis. I'm very satisfied with the Executive Edition. I start each day with SES and a big cup of coffee!

- By Tom Ruiz, EVP Sales, Volcom
Since the inception of Executive Edition, I only need 1 stop
Since the inception of Executive Edition, I only need 1 stop

As a retailer in the surf industry for the past 21 years, I have had to use multiple sources to stay informed to the news within surf. Since the inception of the Executive Edition of Shop-Eat-Surf.com, I need only one stop. Thanks for providing such a valuable tool to all of us in the industry. Shop-Eat-Surf is a must read for all of our staff at Maui Nix.

- By George Karamitos, CEO, Maui Nix
Industry Insight

FSG LAWYERS: Represented Loomworks Apparel (P.J. Salvage) on its acquisiton by Delta Galil.
INTREPID INVESTMENT BANKERS: How digital technologies are giving brands a makeover.

Details on Industry Insight.


Tiffany Montgomery
Print This Article

PacSun's struggles continue, weak Q1 forecast

By Tiffany Montgomery
March 11, 2010 3:38 PM

By TIFFANY MONTGOMERY

Here are a few highlights from Pacific Sunwear’s earnings release this afternoon. More details to come from conference call.

Q4 results

Sales: down 17% to $293 million

Same store sales: down 19%

Net loss, excluding charges: $17 million vs. $27 million

Net loss, including charges: $36 million vs. 27 million

Cash: Ended quarter with $93 million in cash and no borrowings

2009 results

Sales: down 18% to $1 billion

Same store sales: down 20%

Net loss, excluding charges: $51 million vs. $39 million

Net loss, including charges: $70 million vs. $39 million

Q1 forecast

Same store sales: down 13% to 18%.

Gross margins: 19% to 21% vs. 27% the same period last year

Net loss: 50 cents to 60 cents per share. Excluding tax issues, a net loss of 32 cents to 38 cents.

The company is expecting same store sales will improve throughout the year.

 


More on: PacSun, earnings, forecast

Articles You Might Have Missed