Pacific Sunwear (PSUN) Reports June Same-Store Sales, Guides for Q2 EPS

Pacific Sunwear of California, Inc. (Nasdaq: PSUN) reported that total sales for the five weeks of fiscal June ended July 7, 2007 were $132.9 million, an increase of 9.1% over total sales of $121.8 million during the same five week period ended July 8, 2006.

Total Company same-store sales increased 4.5% during the same period. By concept, PacSun same-store sales increased 5.7% and demo same-store sales decreased 7.5% compared to the same five week period last year.

Due to a more promotional environment, the Company's second quarter guidance is now $0.16 to $0.18 per diluted share and assumes a mid-single digit same-store sales increase versus a previously estimated low-single digit increase. This range includes a $0.01 per share impact to second quarter earnings as a result of the separation agreement with the Company's former Chief Operating Officer announced June 22, 2007. (Consensus is $0.18)

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