Pacific Sunwear of California, Inc. reported July net sales decreased 3% at its PacSun stores to $99.1 million from $102.4 million during the same period last year. PacSun same-store sales decreased 4% during the same period.
Total PacSun sales for the first 26 weeks of fiscal 2008 were $579.6 million, a slight decrease from total PacSun sales of $579.9 million during the same period last year. PacSun same store sales decreased 1% during the same period.
The company now expects to report earnings from continuing operations for the second quarter of fiscal 2008 in the range of 5 cents to 6 cents per diluted share.