sales data

• Features

Zumiez August Comps Up .2 Percent

Net sales climb 13.1% despite analysts’ predictions of a decline.

mike lewis

• September 04 2008 | 133 views | 1 comment

• News

Head Q2 Sales Slip 9% - Post $9.6 Million Loss

Head NV reported that second quarter net sales decreased 8.8% to €56.2 million ($87.9 mm) from €61.6 million ($83.1 mm) last year as decreases in its Winter Sports and Racquet Sports divisions more than offset modest growth in Diving. The company had a net loss of €6.2 million ($9.6 mm) for the second quarter, improving 4.8% from a loss of €6.5 million ($8.7 mm) in the comparable 2007 period.

“Q2 2008 results for Head have been as anticipated,” commented Johan Eliasch, chairman and CEO. “The continued lack of consumer confidence as a result of the global economic downturn, sharp increases in raw material costs, inflationary pressures, poor spring weather and the continued impact of the lack of snow in 2006 has resulted in tough trading conditions. Head is however, tackling these issues having undergone substantial restructuring in recent years and continues to support the growth of the brand through marketing.

“Our order book for winter sports 08/09 is now complete and as anticipate; we have only recovered about half of the sales lost 2007. We believe that the tennis market has seen a decline in the first six months of the year, and whilst the sell-in for diving is still holding up, the sell-out is starting to weaken reflecting the weakening in consumer confidence and less consumer spending.

“Overall, we anticipate tough trading conditions for the remainder of 2008 and we continue to anticipate that we will record an operating loss for 2008.”

Winter Sports

Winter Sports revenues for the second quarter decreased 20.7%, to €7.9 million ($12.3 mm) from €9.9 million ($13.4 mm) in the comparable 2007 period. This decrease was due to lower sales volumes of ski bindings and unfavourable product mix.

Licensing

Licensing revenues for the three months ended June 30, 2008 decreased 37.1% to €1.3 million ($2.1 mm) from €2.1 million ($2.8 mm) in the comparable 2007 period.

Profitability

Sales deductions for the quarter remained stable compared to 2007. Gross margin decreased to 37.6% in 2008 from 38.9% in the comparable 2007. Selling and marketing expense decreased 2.4% to €20.9 million ($32.7 mm) from €21.4 million ($28.9 mm) in the comparable 2007 period. Higher advertising costs for sponsored professional ski racers, newly introduced badminton products and tennis footwear were partly offset by lower commissions and shipment costs as a consequence of decreased sales. General and administrative expense increased by 2.9% to €7.4 million ($11.6 mm) from €7.2 million ($9.7 mm) in the comparable 2007 period.
As a result of the foregoing factors, operating loss for the second quarter increased by 26.7% to a loss of €6.7 million ($10.5 mm) from a loss of €5.3 million ($7.1 mm) in the comparable 2007 period. The company had a net loss of €6.2 million ($9.6 mm) for the second quarter, improving 4.8% from a loss of €6.5 million ($8.7 mm) in the comparable 2007 period.

Press Release

• August 15 2008 | 68 views

• News

PacSun July Sales Off 3%, Comps off 4%

ANAHEIM, Calif., Aug. 7, 2008 (PRIME NEWSWIRE) — Pacific Sunwear of California, Inc. (Nasdaq:PSUN) today reported that total PacSun sales for the four weeks of fiscal July ended August 2, 2008 were $99.1 million, a decrease of three percent from total PacSun sales of $102.4 million during the same period last year. PacSun same-store sales decreased four percent during the same period.

Total PacSun sales for the thirteen weeks of the second quarter of fiscal 2008 were $312.7 million, a slight increase versus PacSun sales of $311.8 million during the same period last year. PacSun same store sales decreased one percent during the same period.

Total PacSun sales for the first 26 weeks of fiscal 2008 were $579.6 million, a slight decrease from total PacSun sales of $579.9 million during the same period last year. PacSun same store sales decreased one percent during the same period.

The Company now expects to report earnings from continuing operations for the second quarter of fiscal 2008 in the range of $0.05 to $0.06 per diluted share.

The Company intends to report its fiscal 2008 second quarter results on August 21, 2008 after the close of regular stock market hours. A hosted conference call will follow at 4:30 p.m. EDT / 1:30 p.m. PDT.

For more detailed information on July sales results, please call (714) 414-4210 to listen to a recorded commentary.

About Pacific Sunwear of California, Inc.

Pacific Sunwear is a leading lifestyle specialty retailer rooted in the youth culture and fashion vibe of Southern California. The Company sells casual apparel with a limited selection of accessories and footwear designed to meet the needs of teens and young adults. As of August 2, 2008, the Company operated 815 PacSun stores and 123 PacSun Outlet stores for a total of 938 stores in 50 states and Puerto Rico. PacSun’s website address is www.pacsun.com.

The Pacific Sunwear of California logo is available at http://www.primenewswire.com/newsroom/prs/?pkgid=2087

Pacific Sunwear Safe Harbor

This press release contains “forward-looking statements,” including statements with respect to the Company’s expectation of fiscal 2008 second quarter earnings per share from continuing operations in the range of $0.05 to $0.06 per diluted share. In each case, these statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The Company intends that these forward-looking statements be subject to the safe harbors created thereby. These statements are subject to risks, uncertainties and other factors, including, among others, higher than estimated selling, general and administrative expenses for the quarter and uncertainties generally associated with apparel retailing. More information on factors that could affect the Company’s financial results is included in the Company’s Report on form 10-K for the year ended February 2, 2008 and subsequent periodic reports filed with the Securities and Exchange Commission.. We believe that all forward-looking statements are based on reasonable assumptions when made; however, we caution that it is impossible to predict actual results or outcomes or the effects of risks, uncertainties or other factors on anticipated results or outcomes. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company assumes no obligation to update or revise any such forward-looking statements to reflect events or circumstances that occur after such statements are made. Nonetheless, the Company reserves the right to make such updates from time to time by press release, periodic report or other method of public disclosure without the need for specific reference to this press release. No such update shall be deemed to indicate that other statements not addressed by such update remain correct or create an obligation to provide any other updates.

Press Release

• August 07 2008 | 360 views

• News

Outdoor Gear Sales Up 12% In May

Total outdoor product sales reached $449M in May and gained 14% in units and 12% in dollars over May 2007.

Press Release

• July 17 2008 | 138 views