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ORANGE COUNTY EARNINGS

Pacific Sunwear Reports Rise in Profit

August 17, 1994

Pacific Sunwear of California Inc., an Anaheim retailer of young men's casual wear, said profit for its latest fiscal quarter totaled $895,000, or 17 cents a share, 9% higher than earnings of $820,000, or 16 cents a share, for the same period a year earlier. Sales for the company's second quarter, which ended July 31, rose 63% to $20.7 million from $12.7 million. The company said the sales increase resulted from opening 48 stores in the past year. Year-to-date profit was up 11% to $1.1 million, or 20 cents a share, from $956,000, or 19 cents a share, for the first half of the previous fiscal year. Six-month sales increased 53% to $35.9 million from $23.4 million.

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