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Dec. 2, 2015, 4:10 PM
Nov. 20, 2015, 11:47 AM
- The S&P Retail ETF (NYSEARCA:XRT) is up 1.9% with apparel and footwear stocks doing much of the heavy lifting.
- A vibrant rally in sports stocks was sparked by earnings reports and Nike. Iconix Brand (ICON +2.5%), G-III Apparel (GIII +3%), DSW (DSW +3.7%), Finish Line (FINL +3.1%), Caleres (CAL +2.2%), Genesco (GCO +3.5%), and Shoe Carnival (SCVL +1.7%) join the list reported on earlier.
- Luxury names are on the move with Kate Spade (KATE +2%), Fossil (FOSL +2.9%), Coach (COH +1.4%), and Movado (MOV +2.7%) higher.
- The beat-up mall retailer group is also recovering after results from Gap (GPS +6%) and Abercrombie & Fitch (ANF +19.4%) topped worst-case scenarios. American Eagle Outfitters (AEO +2.3%), Guess (GES +4.6%), and Pacific Sunwear (PSUN +5.4%) are notable gainers.
- Big box retailers are the laggards today. Wal-Mart, Target (TGT +0.6%), and Costco (COST +0.6%) are right at market index averages.
Sep. 21, 2015, 1:08 PM
- Select specialty retailers are higher today as investors continue to speculate over which company will catch the interest of private equity firms looking at a go-private deal.
- Zumiez (ZUMZ +3.9%), Buckle (BKE +1.7%), Francesca's Holdings (FRAN +2.2%), and Pacific Sunwear (PSUN +2.9%) are the names in the deal hopper. All four are sharply lower YTD to levels no wseen as attracting PE interest
Sep. 9, 2015, 7:54 AM
- Pacific Sunwear of California (NASDAQ:PSUN) is down sharply following a FQ2 earnings miss and weak guidance.
- Comparable-store sales declined 6% in FQ2 as key summer items such as shorts, swim gear, and sandals saw disappointing demand.
- The company expects revenue of $196M to $203M in FQ3 vs. $212M consensus off a negative comp (-6% to -3%).
- Previously: Pacific Sunwear of California misses by $0.04, misses on revenue (Sep. 08 2015)
- PSUN -16.7% premarket to $0.50.
Aug. 26, 2015, 9:41 AM
- Pacific Sunwear (NASDAQ:PSUN) is up 22% in early trading after strong reports from Express and Abercrombie & Fitch give a lift to the mall retailer stock.
- The company sits on a bankruptcy watch list amid earnings pressure.
Jul. 16, 2015, 10:12 AM
- Some popular momentum-driven retail stocks are starting off the day in reverse with Michael Kors (KORS -2.7%), Coach (COH -0.2%), Pacific Sunwear (PSUN -1.9%), Vera Bradley (VRA -3.3%), Fossil (FOSL -0.6%), Lululemon (LULU -0.6%), Kate Spade (KATE -0.4%) and Under Armour (UA -3.5%) all lower.
- While OTR Global is with a fresh note on UA and KORS in which expectations are reeled in, pricing trends and China are also looming over the sector.
May 29, 2015, 12:46 PM
Dec. 3, 2014, 5:36 PM
- With shares down 49% YTD going into earnings, Pacific Sunwear's (NASDAQ:PSUN) FQ3 beat is going over well. As is the fact comparable store sales rose 4% Y/Y, after rising only 0.3% in FQ2.
- FQ4 guidance is for revenue of $218M-$227M and EPS of -$0.12 to -$0.17 vs. a consensus of $221.7M and -$0.12. Comparable sales are expected to be flat to up 4%.
- Gross margin rose 150 bps Y/Y in FQ3 to 26.7%. SG&A spend rose 9% to $58M. PSUN ended the quarter with $12.3M in cash, and $88.5M in long-term debt. Store count fell by 15 Y/Y to 620.
- FQ3 results, PR
Sep. 15, 2014, 12:20 PM
- Mall retailer stocks start off the week in sluggish fashion, trailing broad market averages.
- Channel checks on back-to-school traffic at malls have come in below expectations, although some analysts think e-commerce gains will offset.
- Sales for retail clothing stores rose 0.3% M/M and 3.2% Y/Y in August.
- Decliners: Lululemon (NASDAQ:LULU) -3.1%, Express (NYSE:EXPR) -2.2%, Pacific Sunwear (NASDAQ:PSUN) -2.2%, American Eagle Outfitters (NYSE:AEO) -1.6%, Wet Seal (NASDAQ:WTSL) -2.1%, Buckle (NYSE:BKE) -1.0%, Urban Outfitters (NASDAQ:URBN) -1.1%, Zumiez (NASDAQ:ZUMZ) -1.9%.
Aug. 29, 2014, 12:45 PM
Aug. 28, 2014, 5:35 PM
May 30, 2014, 12:45 PM
May 30, 2014, 9:14 AM
May 29, 2014, 5:37 PM
May 29, 2014, 4:05 PM
May 29, 2014, 4:03 PM
- Pacific Sunwear of California (PSUN): Q1 EPS of -$0.11 beats by $0.02.
- Revenue of $171.14M (+2.9% Y/Y) beats by $0.4M.
- Shares -1.4% AH.
Pacific Sunwear, is a specialty retailer rooted in the action sports, fashion and music influences of California. It sells a combination of branded and proprietary casual apparel, accessories and footwear designed to appeal to teens and young adults.
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