PacSun (PSUN) Misses Q2 EPS by 4c, Q3 Guidance Falls Short

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Go back to PacSun (PSUN) Misses Q2 EPS by 4c, Q3 Guidance Falls Short

Pacific Sunwear Announces Second Quarter Operating Results; Issues Third Quarter Guidance; And Substantial Expense Reduction Initiative

September 8, 2015 4:00 PM EDT

ANAHEIM, Calif., Sept. 8, 2015 (GLOBE NEWSWIRE) -- Pacific Sunwear of California, Inc. (NASDAQ: PSUN) (the "Company"), announced today that net sales for the second quarter of fiscal 2015 ended August 1, 2015, were $195.6 million versus net sales of $211.7 million for the second quarter of fiscal 2014 ended August 2, 2014. Comparable store sales for the second quarter of fiscal 2015 decreased 6%. The Company ended the second quarter of fiscal 2015 with 608 stores versus 618 stores a year ago.

On a GAAP basis, the Company reported net income of $8.3 million, or $0.12 per diluted share for the second quarter of fiscal 2015, compared to net income... More