Pac Sun reported Q4 numbers today and guess what? They sucked. But according to the Orange County Business Journal they were at least “better than expected.”
Losses for the quarter ended Jan. 31 totaled $27.1 million, or 42 cents per share, compared with a profit of $5.2 million, or 7 cents per share, last year. . . For the year, the Anaheim, Calif.-based company reported a loss of $63.8 million, or 59 cents per share, compared with a loss of $30.4 million, or 65 cents per share, last year. Revenue fell 4 percent to $1.25 billion from $1.31 billion last year.
It would be fun to be in a business where you have $63.8 million a year to lose, wouldn’t it?
[Link: BusinessWeek]
