May 12, 2006 |
Pacific Sunwear of California Inc., a mall-based retailer of casual clothing, on Thursday said first-quarter profit slid 33% as rising costs outpaced revenue growth. Net income declined to $11.9 million, or 16 cents a share, from $17.6 million, or 23 cents, a year earlier. Revenue rose 7% to $299.9 million, while costs jumped 14% to $80 million. The results met Wall Street forecasts, according to a Thomson Financial poll of analysts.
March 17, 2006 |
Seth Johnson, meet Jason Bueker. Jason is a 17-year-old surfer and skateboarder who sports a cleaned-up Southern California kid look: jeans, sneakers, a Hurley International shirt and a red baseball cap. And he's just the sort of shopper that your company, Pacific Sunwear of California Inc., used to have in its pocket. In fact, he was a loyal PacSun shopper until Zumiez Inc. began opening stores here last year. Now, Jason has decided your competitor is "more interesting."
March 2, 2006 |
Shares of Pacific Sunwear of California Inc. fell 8% on Wednesday as two analysts downgraded the stock a day after the retailer presented a disappointing profit projection for the current quarter. The stock dropped $1.88 to $21.93 and is down 12% this year. Analyst Lyn Rhoads Walther of Wachovia Securities downgraded shares of the Anaheim-based parent of the PacSun and d.e.m.o. chains to "market perform" from "outperform."
March 1, 2006 |
Pacific Sunwear of California Inc. posted a 15% rise in fiscal fourth-quarter profit, but sales at the surfing-inspired youth apparel retailer fell 3.1% in February at established stores. The Anaheim-based company said net income in the quarter ended Jan. 28 was $47 million, or 63 cents a share, compared with $40.7 million, or 54 cents, a year earlier. The profit matched analysts' expectations, according to Reuters Estimates, but a 12% rise in sales to $424.
November 11, 2005 |
Pacific Sunwear of California Inc. on Thursday reported a 20% increase in quarterly profit, citing robust sales of its surfinspired apparel. The Anaheim-based teen retailer said net income in its fiscal third quarter was $40.5 million, or 54 cents a share, in line with Wall Street projections. The results compared with $33.7 million, or 44 cents, a year earlier. Pacific Sunwear said sales rose 13.6% to $377.5 million in the quarter that ended Oct. 29.
August 12, 2005 |
Seeking to expand its footprint, Pacific Sunwear of California Inc. said Thursday that it would launch a chain of shoe stores aimed at college-age customers. The Anaheim-based company said it planned to open eight to 10 stores -- dubbed One Thousand Steps -- in the first half of next year. Eventually, the chain could swell to as many as 800 stores, rivaling the number of locations of its PacSun chain.
June 16, 2005 |
Timothy Harmon, who helped engineer the growth of Pacific Sunwear of California Inc., said Wednesday that he would retire July 1 after 14 years with the teen retailer. Harmon, 53, joined the Anaheim company in 1991 and has been president and chief merchandising officer since 1997. He was one of a trio of executives who worked closely to build PacSun as it expanded from 51 stores to more than 1,000 and added the urban-themed chain d.e.m.o.
May 13, 2005 |
Pacific Sunwear of California Inc. said Thursday that its first-quarter profit climbed 17% despite a challenging environment for retailers. For the three months ended April 30, net income at the Anaheim-based teen apparel retailer rose to $17.6 million, or 23 cents a share, from $15 million, or 19 cents, a year earlier. The results matched Wall Street forecasts. Sales rose 14% to $280 million. Sales at stores open more than a year -- a key measure of performance -- were up 3%.
March 2, 2005 |
Pacific Sunwear of California Inc. said its fiscal fourth-quarter earnings rose 19%, helped by solid sales of its surfing and hip-hop-themed fashions at its two retail chains. The Anaheim firm said its net income for the quarter ended Jan. 29 rose to $40.9 million, or 54 cents a share, from $34.5 million, or 43 cents, a year earlier. Analysts surveyed by Thomson First Call had expected the company to earn 53 cents a share. Sales rose 16% to $379.7 million, the company said.
February 24, 2005
Toll Bros. Inc. said its profit more than doubled in its latest quarter on continued strong demand and backlog for the company's luxury homes. The Horsham, Pa.-based company said net income rose to $110.2 million, or $1.33 a share, for the fiscal first quarter ended Jan. 31. That's up from the previous year's $50.1 million, or 62 cents a share. Revenue rose 67% to $999.1 million. Analysts were looking for earnings of about $1.15 a share, according to a Thomson First Call survey.