ANAHEIM, Calif., Nov. 10 (Reuters) -
                   PACIFIC SUNWEAR OF CALIFORNIA INC.
                       SUMMARY STATEMENT OF INCOME
                        (unaudited)
                   (000's omitted, except share data)
                THIRD QUARTER ENDED       NINE MONTHS ENDED
               NOV. 1,        NOV. 2,     NOV. 1,     NOV. 2,
                   1998         1997        1998        1997
 Net Sales      $91,779       $65,312    $226,144    $152,571
 Gross margin    32,636        23,671      76,819      51,227
 Selling, G&A
  expense        19,423        14,537      51,165      35,858
 Operating income
                 13,213         9,135      25,654      15,369
 Interest income    237           466         777         855
 Income before
  taxes          13,450         9,600      26,431      16,224
 Income tax expense
                  5,312         3,796      10,439       6,416
 Net income       8,138         5,804      15,992       9,808
 Net income per
  share, basic(a)  0.39          0.28        0.77        0.51
 Net income per
  share, diluted(a)
                   0.38          0.27        0.74        0.49
 Weighted
  average shares
  outstanding,
  basic(a)   21,015,525    20,489,984  20,818,233  19,404,720
 Weighted
  averaged shares
  outstanding,
  diluted(a)
             21,637,763    21,234,179  21,596,864  20,132,936
(a) Per share amounts and shares outstanding have been adjusted to reflect two
3-for-2 stock splits effected on Oct. 9, 1997 and June 8, 1998.