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Pacific Sunwear of California Inc Issues Q3 2013 EPS Guidance Below Analysts' Estimates; Comments On Q3 2013 Comparable Store Sales Guidance

Thursday, 29 Aug 2013 04:00pm EDT 

Pacific Sunwear of California Inc announced that for the third quarter of 2013, it contemplates a non-GAAP loss per diluted share from continuing operations of between negative $0.09 and negative $0.04 and includes the impact of the 53rd week retail calendar shift. The forecasted third quarter non-GAAP loss from continuing operations per diluted share guidance range is based on the following assumptions: Comparable store sales from negative 1% to plus 3%; An estimated $13 million reduction in revenue, a nearly 300 basis point decrease in gross margin, and a corresponding reduction of approximately $0.06 per diluted share as a result of the 53rd week retail calendar shift; revenue from $202 million to $209 million. According to I/B/E/S estimates analysts' are expecting the Company to report EPS of $0.00 for the third quarter of 2013. 

Company Quote

0.07 +3.65%
31 Jul 2014