Pacific Sunwear (PSUN) October Comps Down 11%; Guides
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Pacific Sunwear of California, Inc. (Nasdaq: PSUN) same-store sales decreased 11% in October.
Total PacSun sales for the four weeks of fiscal October ended November 1, 2008 were $69.3 million, a decrease of 10 percent from total PacSun sales of $76.7 million during the same period last year.
Pacific Sunwear now expects to report a fiscal 2008 third quarter net loss of approximately $0.07 to $0.08 per diluted share including a $0.06 non-cash goodwill impairment charge and a $0.03 negative impact due to a change in the Company's estimated effective income tax rate. The consensus is $0.00.
Total PacSun sales for the four weeks of fiscal October ended November 1, 2008 were $69.3 million, a decrease of 10 percent from total PacSun sales of $76.7 million during the same period last year.
Pacific Sunwear now expects to report a fiscal 2008 third quarter net loss of approximately $0.07 to $0.08 per diluted share including a $0.06 non-cash goodwill impairment charge and a $0.03 negative impact due to a change in the Company's estimated effective income tax rate. The consensus is $0.00.
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