Pacific Sunwear of California, Inc. total sales for the month of March were $116.8 million, a decrease of 2.9% over total sales of $120.3 million during the same period last year. Total Company same store sales decreased 10.9% during the same period. By concept, PacSun same store sales decreased 11.9% and d.e.m.o. same store sales decreased 3.9% compared to the same five week period last year.
Total sales for the first nine weeks of fiscal 2006 were $205.8 million, an increase of 1.1% over total sales of $203.5 million during the same period last year. Total Company same store sales decreased 7.7% during the same period. By concept, PacSun same store sales decreased 8.8% and d.e.m.o. same store sales decreased 1.6% compared to the same nine week period last year.
After a challenging February and March the Company is adjusting its first quarter 2006 earnings guidance to 14 cents to 16 cents per diluted share. The Company remains comfortable with its fiscal 2006 annual guidance of 10 to 15% net income growth.
