Pacific Sunwear sees Q4 EPS at lower end of prior range of (9c)-(17c) Consensus (11c). The company said it expects its gross margin percentage for Q4 to be in the range of 21%-22%, which represents an increase of approximately 200 to 300 basis points over the same period a year ago. This compares to previous guidance of 22%-25%. Based on this gross margin trend, the company expects non-GAAP loss per share from continuing operations to be at the lower end of its previously announced guidance range of (9c)-(17c), compared to (20c) in the same quarter a year ago.
News For PSUN From The Last 14 Days
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Pacific Sunwear reports Q2 adjusted EPS (3c), consensus (3c) Reports Q2 revenue $211.7M, consensus $208.48M. Comparable store sales for the second quarter were 0.3%. The company ended the second quarter of fiscal 2014 with 618 stores versus 637 stores a year ago.