Pacific Sunwear (PSUN) Comps Down 5%; Guides EPS To Low End
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Pacific Sunwear of California, Inc. (Nasdaq: PSUN) same-store sales decreased 5%. Total sales were were $91.2 million, down 4%.
As a result of increased markdown activity, the Company now expects fiscal 2008 third quarter earnings to be at the low end of its previously announced earnings guidance range of $0.00 to $0.05 per diluted share. The Wall Street consensus is $0.02.
As a result of increased markdown activity, the Company now expects fiscal 2008 third quarter earnings to be at the low end of its previously announced earnings guidance range of $0.00 to $0.05 per diluted share. The Wall Street consensus is $0.02.
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