Pacific Sunwear Sinks
The stock falls 6% as same-store sales drop 2.6%.
Pacific Sunwear
TICKER EXCHANGE="Nasdaq" PRIMARY="YES" SYMBOL="PSUN" TYPE="EQUITY"/> sank 6% Thursday after posting a same-store sales decline.
The company said total sales for the four weeks of May rose 5.6% from a year ago to $85.1 million. But same store sales decreased 2.6%. PacSun same-store sales decreased 2.2% and d.e.m.o. same-store sales decreased 5%, the Anaheim, Calif.-based company said.
Shares fell $1.22 to $20.73.
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