Pacific Sunwear of California Inc. reported that total sales for the five weeks of June of fiscal 2003 were $89.6 million, an increase of 22.2% over total sales of $73.3 million for the five weeks of June of fiscal 2002. Company same store sales increased 13.4% for the comparable five-week period ended July 5, 2003 with PacSun same store sales up 12.5% and d.e.m.o. same store sales up 23.1%.
Total sales for fiscal 2003 (22 weeks) were $349 million, an increase of 22.5% over total sales of $285 million for fiscal 2002 (22 weeks). Company same store sales increased 13.2% for the first 22 weeks of fiscal 2003 with PacSun same store sales up 11.3% and d.e.m.o. same store sales up 30.6%.
Based on June sales results the company is raising its second quarter earnings per share outlook to $.23 versus its previous guidance of $.20.
