| Pacific Sunwear of California
Earnings Call |
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Pacific Sunwear of California Earnings Call, Fourth Quarter 2008
14th March 2009 00:00 AM |
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| Despite eCommerce sales growth of 35% to nearly $18 million weak margins and tough market led to an overall drop in revenues. |
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| The retailer reported an 8% drop in sales to $352 million as same stores sales declined 10%. As a result it had a loss of $27.6 million or 42 cents a share versus income of $19.6 million or 28 cents per share last year. |
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Pacific Sunwear of California Earnings Call, Third Quarter 2008
26th November 2008 00:00 AM |
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| Falling consumer spending patterns hurt the bottom line but the e-commerce business continues to experience strong growth. |
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| The retailer reported a loss of $3.5 million, or 5 cents a share, as sales fell by 5% to $324 million from $342 million in 2007 as consumer spending decelerated. To strengthen its financial position in this economic downturn, focus is on reducing inventory, CAPEX, and other expenses. |
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Pacific Sunwear of California Earnings Call, Second Quarter 2008
26th August 2008 00:00 AM |
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| Second quarter gross margin dipped by 6.39% or $6.5 million, from $101.8 million in the year ago quarter to $95.3 million in the current year quarter. |
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| The leading lifestyle specialty retailer announced total sales for the second quarter of fiscal 2008 of $312.7 million, fractionally increasing from the second quarter of fiscal 2007 levels. The total company same-store sales eased 1% during the quarter. The company posted quarterly net income of $2.8 million compared with a net loss of $10.5 million in the previous year quarter. Given the increasingly tough environment, the company has revised its outlook for the third and fourth quarters. |
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Pacific Sunwear of California Fourth Quarter Earnings Call
17th March 2008 00:00 AM |
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| Profit fell to $5.5 million as sales fell, and the surfing-inspired apparel retailer's shares slipped 4% in extended trading. |
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| Sales from continuing operations fell 7.8% to $420 million. Same-store sales fell 2.2%. Pacific Sunwear discontinued its shoe boutique chain called One Thousand Steps and it would close demo stores. For 2007, Pacific Sunwear lost $30.4 million, or 44 cents per share, compared with profit of $39.6 million, or 56 cents per share, in 2006. The company expects a first-quarter loss of 6 cents to 8 cents a share from continuing operations. |
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Pacific Sunwear of California Third Quarter Earnings Call
22nd November 2007 00:00 AM |
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| The company posted a net loss of $20 million as it was hit by store-related write-downs and other charges. |
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| TThe surfing-inspired apparel retailer reported revenue decline of 1% to $373.1 million from $375.4 million, exceeding analyst estimates for $372 million. The current quarter''s numbers include asset impairments and inventory reserves of about $31 million, or 45 cents a share, associated with the company''s demo stores. Expenses surged 61% to $148.8 million. The company expects low-single digit increases in same-store sales for Q4, with per-share earnings of 26 cents to 29 cents. |
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Pacific Sunwear of California Second Quarter Earnings Call
30th August 2007 00:00 AM |
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| The company reported a loss of $10.5 million on hefty charges that offset a nearly 10% increase in sales. |
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| The specialty retailer of apparel and footwear catering to teens and young adults reported a loss 15 cents per share compared to profit 14 cents per share a year earlier. Excluding one-time costs to close demonstration stores and impairment charges at other stores, Pacific Sunwear had net income of $4.8 million, or 7 cents per share. Same-store sales rose 1.8%. Q3 earnings are expected to be between 10 cents and 13 cents a share, assuming a 300 to 350 basis point improvement in gross margin. |
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Pacific Sunwear of California First Quarter Earnings Call
29th June 2007 00:00 AM |
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| The company reported a loss of $5.06 million due mostly to weaker-than-expected sales in April. |
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| The specialty retailer of apparel and footwear catering to teens and young adults reported revenue increase of 7% to $320.6 million, which exceeded the analysts’ expectations of $308.1 million. Lease termination charges and additional inventory impairment costs for the closure of 74 demo brand stores accounted for 3 cents per share of the loss. Same-store sales declined 1.2% year over year. In Q2, per-share earnings are expected to be 18 cents to 20 cents. |
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