Pacific Sunwear of California today reported total sales of $42.0 million for October, an increase of 19.9 percent over sales of $35.0 million for October of fiscal 2000.
Fiscal 2001 is a 52-week year as compared with fiscal 2000, which was a53-week year. On a proforma basis, total sales also increased 19.9 percent,comparing the 13-week period ending Nov. 4, 2001, with the 13-week periodending Nov. 5, 2000.
Company same store sales decreased 1.1 percent for the comparable four-week periodended Nov. 4, 2001 with PacSun same store sales down 1.2 percent and d.e.m.o. samestore sales down 1.0 percent.
For more detailed information on October sales results, you can call714/701-4210 to listen to a recorded commentary.
The company will hold its third quarter 2001 conference call on Monday, November12 at 1:30 p.m. Pacific Time and 4:30 p.m. Eastern Time. Pacific Sunwearwill webcast their third quarter conference call live.
The call can be accessed at the company’s Web site at www.pacsun.com at thecompany/investor relations area or www.streetevents.com. The call will alsobe archived at the above two sites for replay.
In addition, the call will be available at Yahoo! Finance. Anyone unable tolisten to the Web “live” or archive of the webcast, can access a telephonereplay for 48 hours following the call at 800/642-1687, ID No. 2174837.
Total sales for the third quarter (13 weeks) of fiscal 2001 were $183.0million, an increase of 11.8% over sales of $163.7 million for the thirdquarter (13 weeks) of fiscal 2000. On a proforma basis, comparing the 13-weekperiod ending Nov. 4, 2001 with the 13-week period ending Nov. 5, 2000, theincrease in total sales would have been 17.3%.
Company same store sales decreased 2.2% for the third quarter of fiscal 2001with PacSun same store sales down 2.5% and d.e.m.o. same store sales up 1.0%.
Total sales for the first nine months (39 weeks) of fiscal 2001 were $477.2million, an increase of 16.9% over sales of $408.3 million for the first ninemonths (39 weeks) of fiscal 2000.
On a proforma basis, comparing the 39-week period ending Nov. 4, 2001 withthe 39-week period ending Nov. 5, 2000, the increase in total sales wouldhave been 16.2%.
Company same store sales decreased 4.2% for the first nine months of fiscal2001 with PacSun same store sales down 4.7% and d.e.m.o. same store sales up2.1%.
Pacific Sunwear is a leading specialty retailer of everyday casual apparel,accessories and footwear designed to meet the needs of active teens and youngadults. As of Nov. 4, 2001, the company operated 544 PacSun stores, 67 PacSunoutlet stores and 97 d.e.m.o. stores for a total of 708 stores in 48 statesand Puerto Rico. PacSun’s Web site address is www.pacsun.com.
This news release may contain forward-looking statements that involve risksand uncertainties, including changes in consumer demands and preferences,fluctuations or decreases in same store sales performance, competition fromother retailers and uncertainties generally associated with apparelretailing. The historical results achieved are not necessarily indicative offuture prospects of the company.
More information on factors that could affect forward looking statements andthe company’s financial results is included in the company’s Report on Form10-K for the year ended Feb. 4, 2001 and subsequent periodic reports filedwith the Securities and Exchange Commission.