NEW YORK — Pacific Sunwear of California said late Monday that a strong wave of sales allowed it to conclude its fourth quarter with double-digit increases in sales, earnings and even comparable-store sales.
The Anaheim, Calif.-based surf and snowboard retailer, which operates 794 stores under the PacSun and Demo nameplates, said profits rose 63.9 percent to $23.2 million, or 46 cents a diluted shares, for the three months ended Feb. 1 2 cents ahead of Wall Street’s average expectations. That compares with earnings of $14.2 million, or 28 cents, in the corresponding year-ago period.
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