{"id":29047,"date":"2012-03-13T14:27:37","date_gmt":"2012-03-13T22:27:37","guid":{"rendered":"http:\/\/www.boardistan.com\/?p=29047"},"modified":"2012-03-13T14:28:11","modified_gmt":"2012-03-13T22:28:11","slug":"pacsun-loses-38-1-million-in-q4","status":"publish","type":"post","link":"http:\/\/www.boardistan.com\/?p=29047","title":{"rendered":"PacSun Loses $38.1 Million In Q4"},"content":{"rendered":"<p><a href=\"http:\/\/www.boardistan.com\/wp-content\/uploads\/2011\/05\/pacsun_logo.png\" onclick=\"window.open('http:\/\/www.boardistan.com\/wp-content\/uploads\/2011\/05\/pacsun_logo.png','popup','width=189,height=70,scrollbars=no,resizable=yes,toolbar=no,directories=no,location=no,menubar=no,status=yes,left=0,top=0');return false\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.boardistan.com\/wp-content\/uploads\/2012\/03\/pacsun_logo-tm.jpg\" height=\"37\" width=\"100\" border=\"1\" align=\"right\" hspace=\"4\" vspace=\"4\" alt=\"Pacsun Logo\" \/><\/a><strong><a href=\"http:\/\/www.pacsun.com\/\" target=\"_blank\">Pacific Sunwear<\/a><\/strong><strong> <\/strong>reported numbers today (March 13, 2012) for their fourth quarter and things are not looking good according to a story on <strong><a href=\"http:\/\/www.cbsnews.com\/8301-505245_162-57396634\/pacific-sunwear-4q-net-loss-widens-on-charges\/\" target=\"_blank\">CBS News<\/a><\/strong>.<\/p>\n<blockquote><p>Net loss for the three months ended Jan. 28 widened to $38.1 million, or 56 cents per share. That compares with a net loss of $35.2 million, or 53 cents per share. Excluding a cost for issuing convertible stock and store closing charges, net loss would have been 19 cents per share. Analysts expected a loss of 22 cents per share, according to FactSet.<\/p><\/blockquote>\n<p>For the year Pac Sun lost $106.4 million compared to $96.6 million last year. The closed 87 stores during the quarter and yet CEO <strong>Gary Schoenfeld<\/strong> says &#8220;sales trends improved as the holiday season progressed.&#8221;  And yet they&#8217;re still buying full spread print ads in <em>Surfer Magazine<\/em>. One wonders how long this can go on. The <strong><a href=\"http:\/\/finance.yahoo.com\/q?s=PSUN\" target=\"_blank\">stock was down 15.94 percent<\/a><\/strong> in after-hours trading.<\/p>\n<p><strong>[Link: <\/strong><strong><a href=\"http:\/\/www.cbsnews.com\/8301-505245_162-57396634\/pacific-sunwear-4q-net-loss-widens-on-charges\/\" target=\"_blank\">CBS News<\/a><\/strong><strong>]<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pacific Sunwear reported numbers today (March 13, 2012) for their fourth quarter and things are not looking good according to a story on CBS News. Net loss for the three months ended Jan. 28 widened to $38.1 million, or 56 cents per share. That compares with a net loss of $35.2 million, or 53 cents [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0,"footnotes":""},"categories":[10,16,12],"tags":[],"_links":{"self":[{"href":"http:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/posts\/29047"}],"collection":[{"href":"http:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=29047"}],"version-history":[{"count":2,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/posts\/29047\/revisions"}],"predecessor-version":[{"id":29049,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/posts\/29047\/revisions\/29049"}],"wp:attachment":[{"href":"http:\/\/www.boardistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=29047"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=29047"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=29047"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}