Pacific Sunwear Dec. Comps Up 9%; Sees Narrower Adj. Loss In Q4 - Quick Facts

(RTTNews) - Pacific Sunwear of California Inc. (PSUN) announced that its comparable store net sales for the month of December increased 9% compared to the same period a year ago.

Based on December results, the company has updated its financial outlook for the fourth quarter of fiscal 2014 and now expects comparable store net sales of approximately 6% and non-GAAP loss from continuing operations per share to be in the range of $0.11- $0.12 to compared to its previous guidance range of loss $0.12 - $0.17 per share. Analysts polled by Thomson Reuters expect the company to report a loss of $0.12 per share for the fourth-quarter. Analysts' estimates typically exclude special items.

The Company reported a non-GAAP loss from continuing operations per share of $0.17 for the fourth quarter of fiscal 2013.