Pacific Sunwear (PSUN) June Comps Down 2.7%; Guides Below

Pacific Sunwear of California, Inc. (Nasdaq: PSUN) said total Company same store sales decreased 2.7 percent in June, versus the consensus of a 0.5% decline.

Assuming a continuation of the quarter to date comp trend, the Company believes that second quarter earnings will be in the range of $0.19 to $0.21 per diluted share, versus the consensus of $0.25.

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