Pacific Sunwear of California, Inc. (PSUN) reported a net loss for the fourth quarter of $19.9 million or $0.29 per share, compared to a net loss of $38.1 million or $0.56 per share for the year-ago quarter.
Loss from continuing operations for the fourth quarter was $22.5 million or $0.33 per share, compared to a loss from continuing operations of $26.7 million or $0.39 per share in the prior year quarter.
Excluding items, adjusted loss from continuing operations for the fourth quarter was $11.4 million or $0.17 per share, compared to an adjusted loss from continuing operations of $13.0 million or $0.19 per share in the fourth quarter of last year.
Net sales for the fourth quarter rose to $228.04 million from $218.67 million a year ago.
Analysts polled by Thomson Reuters expected the company to report a loss of $0.16 per share on revenue of $227.86 million for the fourth quarter. Analysts' estimates typically exclude special items.
Looking forward to the first quarter, the company forecast a loss from continuing operations of $0.17 to $0.24 per share and revenue of $160 million to $167 million. Analysts currently expect the company to report a loss of $0.13 per share on revenue of $167.90 million for the first quarter.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.