Pacific Sunwear of California, Inc.'s total sales for January were $54.7 million, a decrease of 8% from total PacSun sales of $59.6 million during the same period last year. PacSun same-store sales decreased 11% during the same period.
Total PacSun sales for the 13 weeks of the fiscal fourth quarter of 2008 were $351.7 million, a decrease of 8% from total PacSun sales of $384.3 million during the same period last year. PacSun same store sales decreased 10% during the same period.
Total PacSun sales for the 52 weeks of fiscal 2008 were $1.25 billion, a decrease of 4% versus total PacSun sales of $1.31 billion during the same period last year. PacSun same store sales decreased 5% during the same period.
The company reiterated its fiscal 2008 fourth quarter earnings guidance of a net loss of 38 cents to 43 cents per diluted share, including an estimated gain of approximately 10 cents per diluted share from the completed sale of the company's Anaheim distribution center.
