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Why PacSun (PSUN) Is Up After the Bell

NEW YORK (TheStreet) -- Pacific Sunwear of California (PSUN - Get Report), better known as PacSun, is gaining in extended trading after fourth-quarter revenue came in higher than anticipated and net losses were narrower than forecast.

After the bell, shares had added 6.7% to $3.20.

The teen apparel retailer recorded a net loss of 17 cents a share in the three months to January, 2 cents less than analysts surveyed by Thomson Reuters had expected.

Revenue of $218.59 million fell 4.1% on a year-over-year basis, but beat consensus by $5.11 million.

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The three-month period to Feb.1 marked the eighth consecutive quarter of positive comparable-store sales. Comparable-stores sales climbed 2% over the fourth quarter.

"We continue to be encouraged by our positive momentum within a challenging retail environment throughout the year, marked by eight straight quarters of positive comparable store sales, sustained gross margins, and reduced operating costs, all contributing to a significant improvement in our operating performance compared to fiscal 2012," said CEO Gary H. Schoenfeld in a statement.

For its current quarter, management issued guidance for an adjusted loss of between 17 cents and 12 cents a share. Analysts had forecast a per-share loss of 12 cents.

Management also said it expects comparable-store sales between 1% and 4% and revenue in the range of $169 million and $174 million. Analysts had estimates for sales of $168.1 million.

"Looking ahead to fiscal 2014, our key priorities include showcasing our premium brand portfolio through curated assortments, managing inventory with on-trend fashion and speed to market, and continuing to elevate both our in-store and digital experience," added Schoenfeld.

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TheStreet Ratings team rates PACIFIC SUNWEAR CALIF INC as a Sell with a ratings score of D-. The team has this to say about their recommendation:

"We rate PACIFIC SUNWEAR CALIF INC (PSUN) a SELL. This is driven by a number of negative factors, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its generally high debt management risk, disappointing return on equity and poor profit margins."

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

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