Pacific Sunwear Posts Flat Holiday Period Same-store Sales; Cuts Q4 Outlook

(RTTNews) - Pacific Sunwear of California, Inc. (PSUN) said Thursday that its fourth fiscal quarter same-store sales through January 4, 2014 were flat on a continuing operations basis, excluding online sales.

Including online sales, same-store sales during the holiday period increased 1% compared to the same period a year ago, on a continuing operations basis.

Based on the recent trends, the company now expects adjusted loss from continuing operations for the fourth quarter of fiscal 2013 to be in the range of $0.21 to $0.18 per share, with revenue of $211 million to $214 million.. Previously, the company expected adjusted loss of $0.17 to $0.12 per share, and revenues of $216 million to $225 million.

Analysts polled by Thomson Reuters currently expect the company to report a loss of $0.13 per share for the fourth quarter.