Pacific Sunwear (PSUN) Misses Q1 EPS by 1c, Offers Q2 Guidance

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Go back to Pacific Sunwear (PSUN) Misses Q1 EPS by 1c, Offers Q2 Guidance

Pacific Sunwear Announces First Quarter Operating Results; Issues Second Quarter Guidance

May 28, 2015 4:00 PM EDT

ANAHEIM, Calif., May 28, 2015 (GLOBE NEWSWIRE) -- Pacific Sunwear of California, Inc. (Nasdaq: PSUN) (the "Company"), announced today that net sales for the first quarter of fiscal 2015 ended May 2, 2015, were $166.5 million versus net sales of $171.1 million for the first quarter of fiscal 2014 ended May 3, 2014. Comparable store sales for the first quarter of fiscal 2015 decreased 2%. The Company ended the first quarter of fiscal 2015 with 605 stores versus 618 stores a year ago.

On a GAAP basis, the Company reported a net loss of $3.5 million, or $(0.05) on a diluted per share basis for the first quarter of... More