Pacific Sunwear widens loss in Q4, sales drop

Anaheim, Calif. Pacific Sunwear of California reported late Thursday that its fourth-quarter loss widened as sales fell. The teen retailer posted a loss of $36.5 million for the quarter ended Jan. 30, compared with a loss of $27 million in the year-ago period.

Sales fell 17% to $293 million.

Analysts expected revenue of $277.4 million.

For the full year, the company reported a loss of $70.3 million, compared with a loss of $63.8 million a year ago. Sales fell 18% to $1.03 billion.