Due to a more promotional environment, the Company's second quarter guidance is now $0.16 to $0.18 per diluted share and assumes a mid-single digit same-store sales increase versus a previously estimated low-single digit increase. This range includes a $0.01 per share impact to second quarter earnings as a result of the separation agreement with the Company's former Chief Operating Officer announced June 22, 2007.
The sales results, earnings estimates and store counts reported in this release do not include the impact of the 74 demo store closures.
Pacific Sunwear of California Inc
marketing@alchempro.com
