Pacific Sunwear recorded a 4 percent increase in same store sales in April at its PacSun chain.
But same-store sales for the quarter declined 1 percent which will impact profits, the company said. PacSun now expects a net loss of 17 to 18 cents per diluted share for the first quarter, which includes a charge of 7 cents per share in connection with the sale of its distribution center in Anaheim. Analysts on average had expected a loss of 7 cents per share.
April results
Apparel comps: up 22 percent
Juniors comps: up mid 30s
Strong juniors categories: tops, dresses, Bullhead denim
Guys comps: up low double digits
Strong guys categories: tops, shorts, basic denim
Strong regions: New England, Mid-Atlantic, Texas
Weak regions: Desert Southwest, Rocky Mountains, Florida, Southern California
