PSUN A new breakout at $30+! Message Board

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Non-Tech : PSUN A new breakout at $30+!

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To: Mathon Dabasir who wrote (1013)	3/2/1999 4:37:00 PM
From: E. Graphs	Read Replies (1) of 1622

PSUN launching on-line store! Earnings are out .36 vs .31! SSS +35%! biz.yahoo.com >>Pacific Sunwear of California Inc. (NASDAQ:PSUN - news), a leading retailer of casual apparel, footwear and accessories to teens and young adults, Tuesday announced plans to launch an online store this summer at www.pacificsunwear.com.<< biz.yahoo.com >>Pacific Sunwear Earns $7.5 Million in the Fourth Quarter and Annual Earnings Increase 43 Percent to $23.5 Million<< >>''We are very pleased with our fiscal 1998 earnings of $23.5 million which represents a 43 percent increase over fiscal 1997 earnings,'' said Greg Weaver, chairman and chief executive officer. ''Our full year pre-tax income improved to 12.1 percent of sales. Our balance sheet remains strong, with $19 million in cash at the end of the year and no debt. Our d.e.m.o. stores continue to gain strength as we enter 1999 and we believe it represents an exciting new opportunity for the company. As previously announced, we will add 108 new stores in 1999 and expect to reach a projected 450 stores by the end of 1999,'' concluded Weaver.<<

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