By  on March 20, 2013

Pacific Sunwear of California Inc. on Wednesday said it narrowed its fourth-quarter loss compared with a year ago.

For the three months ended Feb. 2, the loss narrowed to $19.9 million, or 29 cents a diluted share, from a loss of $38.1 million, or 56 cents, last year. Excluding onetime charges, the loss from continuing operations for the quarter was $11.4 million, or 17 cents a diluted share, compared with a loss from continuing operations of $13 million, or 19 cents, last year. Net sales rose 4.3 percent to $228.0 million from $218.7 million, while comparable-store sales rose 1 percent. Sales results for the fourth quarter of fiscal year 2012 are for a 53-week period, while the comps figure excludes the extra week.

To Read the Full Article
SUBSCRIBE NOW

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus