Attached files
EXHIBIT 99.1
PACIFIC SUNWEAR OF CALIFORNIA, INC.
SUPPLEMENTAL QUARTERLY FINANCIAL DATA
(UNAUDITED)
The information provided in the table below has been prepared in accordance accounting principles generally accepted in the United States of America and includes only the results of continuing operations of Pacific Sunwear of California, Inc. Operating results related to closed stores have been removed from income from continuing operations and reported as discontinued operations as further described in our Annual Report on Form 10-K for the fiscal year ended January 28, 2012 filed with the Securities and Exchange Commission. All amounts in the table below are expressed in thousands of dollars, except per share amounts:
| First Quarter |
Second Quarter |
Third Quarter |
Fourth Quarter |
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| FISCAL YEAR ENDED JANUARY 28, 2012: |
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| Net sales |
$ | 171,881 | $ | 200,915 | $ | 226,786 | $ | 234,169 | ||||||||
| Gross margin |
33,192 | 47,337 | 55,379 | 44,885 | ||||||||||||
| Operating loss |
(27,764 | ) | (16,505 | ) | (13,035 | ) | (23,072 | ) | ||||||||
| Net loss from continuing operations |
(28,656 | ) | (17,452 | ) | (14,013 | ) | (30,502 | ) | ||||||||
| Net loss from discontinued operations |
(2,814 | ) | (1,807 | ) | (3,589 | ) | (7,590 | ) | ||||||||
| Net loss |
(31,470 | ) | (19,259 | ) | (17,602 | ) | (38,092 | ) | ||||||||
| Loss per share from continuing operations, basic and diluted |
(0.44 | ) | (0.26 | ) | (0.21 | ) | (0.45 | ) | ||||||||
| Loss per share from discontinued operations, basic and diluted |
(0.04 | ) | (0.03 | ) | (0.05 | ) | (0.11 | ) | ||||||||
| Loss per share, basic and diluted |
(0.48 | ) | (0.29 | ) | (0.26 | ) | (0.56 | ) | ||||||||
| Weighted-average shares outstanding |
66,203 | 66,344 | 66,855 | 67,428 | ||||||||||||
| FISCAL YEAR ENDED JANUARY 29, 2011: |
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| Net sales |
$ | 170,650 | $ | 196,358 | $ | 232,515 | $ | 237,593 | ||||||||
| Gross margin |
38,077 | 46,427 | 59,060 | 43,210 | ||||||||||||
| Operating loss |
(27,581 | ) | (20,296 | ) | (4,778 | ) | (29,839 | ) | ||||||||
| Net loss from continuing operations |
(28,004 | ) | (20,654 | ) | (5,077 | ) | (30,606 | ) | ||||||||
| Net loss from discontinued operations |
(3,024 | ) | (2,811 | ) | (1,886 | ) | (4,586 | ) | ||||||||
| Net loss |
(31,028 | ) | (23,465 | ) | (6,963 | ) | (35,192 | ) | ||||||||
| Loss per share from continuing operations, basic and diluted |
(0.42 | ) | (0.32 | ) | (0.08 | ) | (0.46 | ) | ||||||||
| Loss per share from discontinued operations, basic and diluted |
(0.05 | ) | (0.04 | ) | (0.03 | ) | (0.07 | ) | ||||||||
| Loss per share, basic and diluted |
(0.47 | ) | (0.36 | ) | (0.11 | ) | (0.53 | ) | ||||||||
| Weighted-average shares outstanding |
65,838 | 65,951 | 66,057 | 66,108 | ||||||||||||
Loss per share is computed for each of the quarters presented based on basic and diluted shares outstanding and, therefore, may not sum to the totals for the year.