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.
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.
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