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.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"