ANAHEIM, Calif., April 12, 2007 (PRIME NEWSWIRE) -- Pacific Sunwear of California, Inc. (Nasdaq:PSUN) today reported that total sales for the five weeks of fiscal March ending April 7, 2007 were $140.3 million, an increase of 17.6 percent over total sales of $119.3 million during the same five week period last year. Total Company same-store sales increased 14.1 percent during the same period. Due to the 53rd week in fiscal year 2006, total sales and comparable store sales for fiscal March 2007 are compared to the five-week period ended April 8, 2006. By concept, PacSun same-store sales increased 16.4 percent and demo same-store sales decreased 4.3 percent compared to the same five week period last year.
Total sales for the first nine weeks of fiscal 2007 were $230.1 million, an increase of 10.6 percent over total sales of $208.0 million during the same period last year. Total Company same store sales increased 5.4 percent during the same period. By concept, PacSun same store sales increased 8.2 percent and demo same store sales decreased 10.3 percent compared to the same nine week period last year.
As previously announced, the Company is in the process of closing 74 underperforming demo stores. The sales results and store counts reported in this release do not include the 74 demo stores being closed.
For more detailed information on March sales results, please call (714) 414-4210 to listen to a recorded commentary.
About Pacific Sunwear of California, Inc.
Pacific Sunwear, operating under three distinct retail concepts, is a leading specialty retailer of everyday casual apparel, accessories and footwear designed to meet the needs of active teens and young adults. As of April 7, 2007, the Company operated 844 PacSun stores, 117 PacSun Outlet stores, 151 demo stores and 9 One Thousand Steps stores for a total of 1,121 stores in 50 states and Puerto Rico. PacSun's website address is www.pacsun.com, merchandise carried at demo stores can be found at www.demostores.com and information about One Thousand Steps can be found at www.onethousandsteps.com.
The Pacific Sunwear of California logo is available at http://www.primezone.com/newsroom/prs/?pkgid=2087
Pacific Sunwear Safe Harbor
Historical results reported in this press release are not necessarily indicative of future prospects of the Company. Our business is subject to risks and uncertainties which could adversely affect our business, results and prospects, including, among others: changes in consumer demands and preferences; higher than estimated costs of goods sold, markdowns or selling, general and administrative costs; higher than anticipated costs associated with the previously announced closure of 74 demo stores; competition from other retailers and uncertainties generally associated with apparel retailing; merchandising/fashion sensitivity; sales from private label merchandise, expansion and management of growth; our new concept (One Thousand Steps) is untested and may not be profitable or successful; reliance on key personnel; dependence on a single distribution facility; economic impact of natural disasters, terrorist attacks or war/threat of war; shortages of supplies and/or contractors, as a result of natural disasters or terrorist acts, could cause unexpected delays in new store openings, relocations or expansions; reliance on foreign sources of production; credit facility financial covenants and other risks outlined in the company's SEC filings, including but not limited to the Annual Report on Form 10-K for the year ended February 3, 2007 and subsequent periodic reports filed with the Securities and Exchange Commission.