Pacific Sunwear of California Inc reported that total sales for the five weeks of fiscal March ending April 7, 2007 were $140.3 million, an increase of 17.6 percent over total sales of $119.3 million during the same five week period last year. Total Company same-store sales increased 14.1 percent during the same period.
Due to the 53rd week in fiscal year 2006, total sales and comparable store sales for fiscal March 2007 are compared to the five-week period ended April 8, 2006. By concept, PacSun same-store sales increased 16.4 percent and demo same-store sales decreased 4.3 percent compared to the same five week period last year.
Total sales for the first nine weeks of fiscal 2007 were $230.1 million, an increase of 10.6 percent over total sales of $208.0 million during the same period last year. Total Company same store sales increased 5.4 percent during the same period. By concept, PacSun same store sales increased 8.2 percent and demo same store sales decreased 10.3 percent compared to the same nine week period last year.
As previously announced, the Company is in the process of closing 74 underperforming demo stores. The sales results and store counts reported in this release do not include the 74 demo stores being closed.
Pacific Sunwear, operating under three distinct retail concepts, is a leading specialty retailer of everyday casual apparel, accessories and footwear designed to meet the needs of active teens and young adults.
As of April 7, 2007, the Company operated 844 PacSun stores, 117 PacSun Outlet stores, 151 demo stores and 9 One Thousand Steps stores for a total of 1,121 stores in 50 states and Puerto Rico.
Pacific Sunwear of California Inc
marketing@alchempro.com
