Pacific Sunwear (PSUN) Reports September Sales, Reaffirms Q3 EPS Guidance

October 2, 2006 9:12 AM EDT
Pacific Sunwear (Nasdaq: PSUN) announced total sales for the five weeks of fiscal September, ending September 30, 2006, were $118.2 million, an increase of 4.0% over total sales of $113.7 million during the same period last year. Total Company same-store sales for the period declined 2.4% from the same period last year.

Based on the sales for the quarter to date, the Company remains comfortable with the guidance it previously provided for the third quarter (EPS in the range of $0.22-0.30), excluding a one-time, pre-tax charge of approximately $1.1 million, or $0.01 per diluted share. Current consensus is $0.25.

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Guidance, Retail Sales