PacSun net sales drop 4% in Sept., 3Q

ANAHEIM, Calif. Pacific Sunwear of California reported net sales for the month of September, ended Oct. 4, of $91.2 million, a decrease of 4% from $95.1 million in September 2007. Same-store sales decreased 5%.

Net sales for the third quarter of 2008 were $254.3 million, a decrease of 4% from $265.1 million during the same period last year. Third-quarter same-store sales decreased 6%.

As a result of increased markdown activity, PacSun now expects fiscal 2008 third-quarter earnings to be at the low end of its previously announced earnings guidance range of 0 to 5 cents per diluted share.