Sponsors
Billabong ▼ 0.000 | PPR ▲ +0.55 | American Apparel ▼ -0.013 | The Buckle ▼ -0.39 | Columbia ▲ +0.09 | Deckers Outdoor ▲ +0.26 | Dicks ▼ -0.02 | Foot Locker ▼ -0.18 | Genesco ▼ -0.06 | Iconix Brand Group ▼ -0.05 | Jarden Corp ▲ +0.15 | Nordstrom ▼ -0.15 | Luxottica ▼ -0.56 | Nike ▲ +0.51 | Pacific Sunwear ▼ -0.05 | Skullcandy ▼ -0.04 | Sport Chalet - 0 | Urban Outfitters ▼ -0.53 | VF Corp ▼ -0.01 | Quiksilver ▼ -0.01 | Zumiez ▼ -0.33 | Macys ▼ -0.37 | Tillys ▲ +0.05 |
Ticker Sponsor
Readers Say
The one, undisputed leader
The one, undisputed leader

It is common knowledge in our industry that there is one undisputed leader in reporting on the topics, businesses and trends that impact all of us the most, and it is shop-eat-surf.com. Their access to those who make our industry happen is second to none, and we value not only the content of their reporting but the editorial thought on what it all means both in the present as well as the future. If we were asked to give a rating, it would be five out of five stars.

- By Craig Levra, CEO, Sport Chalet
Executive Edition is a must have
Executive Edition is a must have

Before Shop-Eat-Surf, there were two sites I paid for premium content on. One is Surfline, the other is the Wall Street Journal. One is about all things surf, the other, the best business content site in the world. Shop-eat-surf is the intersection of those two worlds. Shop-Eat-Surf provides everything from coverage of events, people, brands and trends. However, beyond the Executive Edition "wall" is more meaty analysis and interpretation of financial statements, business models and brand philosophies; why certain brands and companies are succeeding, where others aren't. The Executive Edition is a must have read if the business of surf and action sports are on your radar screen.

- By Jeff Berg, Co-owner, Surfline
Industry Insight

MOSS ADAMS: Webinar 12/2 on internal controls to increase the value of your business.
AGENDA: 12/30 deadline to pre-register for Jan. 5-6 Long Beach show.
CIT TRADE FINANCE: Middle-market retailers cautiously optimistic for holiday.
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