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Pacific Sunwear of California Inc Issues Q1 2013 EPS Guidance In Line With Analysts' Estimates; Comments On Q1 2013 Comparable Store Sales Guidance

Wednesday, 20 Mar 2013 04:00pm EDT 

Pacific Sunwear of California Inc announced that for the first quarter of 2013. it contemplates a non-GAAP loss per share from continuing operations of between $(0.17) and $(0.24). The forecasted first quarter non-GAAP loss from continuing operations per share guidance range is based on the following assumptions. Comparable store sales of negative 3% to plus 1%; revenue from $160 million to $167 million; gross margin rate, including buying, distribution and occupancy, of 21% to 24%; SG&A expenses in the range of $54 million to $56 million; A normalized annual income tax rate of approximately 37%; and Ending the period with approximately 638 stores. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $(0.13) for the first quarter of 2013. 

Company Quote

0.025 +1.24%
11:01am EDT