PacSun (PSUN) Dec. Comps Rose 9%; Q4 Loss Outlook Narrowed

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Pacific Sunwear Announces December Comparable Store Sales Increased 9%; Raises Fourth Quarter Financial Outlook

January 8, 2015 9:30 AM EST

ANAHEIM, Calif., Jan. 8, 2015 (GLOBE NEWSWIRE) -- Pacific Sunwear of California, Inc. (Nasdaq: PSUN) (the "Company"), announced today that its comparable store net sales during the month of December increased 9% compared to the same period a year ago.

"We have had an excellent Holiday season with strong sales performance in both men's and women's and an estimated 400-500 basis point improvement in gross margins," said Gary H. Schoenfeld, President and Chief Executive Officer. "With what will be our 12th consecutive quarter of positive comparable store net sales, customers are embracing the new PacSun and our... More