PacSun (PSUN) Tops Q3 EPS by 1c, Comps Increase 4%, Offers Q4 Guidance

Pacific Sunwear Of California (NASDAQ: PSUN) reported Q3 EPS of ($0.03), $0.01 better than the analyst estimate of ($0.04). Revenue for the quarter came in at $212.3 million versus the consensus estimate of $208 million.

Comps increased 4%.

Pacific Sunwear Of California sees Q4 2014 EPS of ($0.17) - ($0.12), versus the consensus of ($0.12). Pacific Sunwear Of California sees Q4 2014 revenue of $218 - $227 million, versus the consensus of $221.73 million.

• Comparable store sales from flat to +4%;
• Gross margin rate, including buying, distribution and occupancy, of 21% to 24%;
• SG&A expenses in the range of $61 million to $65 million; and
• Applicable non-GAAP adjustments are tax effected using a normalized annual income tax rate.

For earnings history and earnings-related data on Pacific Sunwear Of California (PSUN) click here.

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