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Tiffany Montgomery
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PacSun shows declines in Q4; problems in junior's continued

PacSun shows declines in Q4;
By Tiffany Montgomery
March 15, 2011 1:13 PM

PacSun continues to struggle as the junior’s business stays on its downward trend.

 

Here’s a quick summary of Q4 and full year results. We’ll have more information from the company’s conference call this afternoon.

 

Q4

 

Sales: down 10% to $263 million

 

Same store sales: Down 7%. Men’s posted a positive comp while junior’s continued to decline.

 

Net loss: $35 million vs. a net loss of $36 million in Q4 2009.

 

Cash at quarter end: $64 million and no debt.

 

2010

 

Sales: down 10% to $930 million

 

Same store sales: down 8%

 

Net loss: $97 million vs. a $70 million loss in 2009.

 

On page 2: Full text of PacSun's press release

 

 

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