Company-wide same-store sales fell 7.4 percent in January, but Pacific Sunwear raised its fourth quarter earnings per share guidance to 13 to 16 cents per share, up from the 11 to 14 cents forecast in December.
January same-store sales
PacSun stores: down 1.7 percent
Demo stores: down 37.9 percent
Total same-store sales: down 7.4 percent
Best regions: Texas, New England, Upper Midwest
Worst regions: Desert Southwest, Southern California, Florida
Apparel comps: up 13 percent
Juniors: up in the low 20s, driven by tops, dresses, and Bullhead denim.
Mens: up mid single digits, driven by tops and denim
Accessories: down high teens
Footwear: down high 30s
Fourth quarter same-store sales
PacSun stores: up 2.1 percent
Demo: down 31 percent
Total: down 2.2 percent
Fiscal 2007 same-store sales
PacSun stores: up 3.4 percent
Demo: down 19.6 percent
Total: up 0.7 percent
