Pacific Sunwear (PSUN) April Comps Down 16.5%, Lowers Q1 Guidance

May 10, 2007 7:35 AM EDT
Pacific Sunwear of California, Inc. (Nasdaq: PSUN) said April same-store sales decreased 16.5 percent.

The Company now anticipates first quarter earnings to be a loss of $0.04 to $0.05 per diluted share (consensus is a $0.06 profitl) and second quarter earnings, assuming a low single digit second quarter same-store-sales increase, to be in the range of $0.18 to $0.20 per diluted share (consensus is $0.20).

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Guidance, Hot List, Retail Sales