A Goldman Sachs analyst said Wednesday that although Costco Wholesale Corp.'s non-food sales may continue to deteriorate, the decline will likely be offset by strong food sales at the retailer.
Pacific Sunwear of California Inc. likely has enough liquidity to remain a going concern, an analyst said Wednesday, prompting an upgrade of the teen apparel retailer's shares.
Clothing retailer Pacific Sunwear of California Inc. said Tuesday it expects to post a loss in the fourth quarter, on a continued pullback in consumer spending.
Clothing retailer Pacific Sunwear of California Inc. said Tuesday it narrowed its fiscal third-quarter loss and total sales fell 5 percent as cautious consumers continued to pull back on their spending.
Stuck in losing territory for much of Wednesday's trading, U.S. stocks took a late-day plunge to settle with massive losses, as record-setting declines in housing and consumer prices wreaked havoc on the major averages.
Asia was in the red but not by much. The Hang Seng and the Nikkei were both off under 1%. Earlier this morning Europe was showing some red as well. And here in the US we?re lower at the moment. Fingers crossed.Pacific Sun (PSUN) Yesterday at the close the California-based retailer put out its third-quarter numbers. Its loss from continuing ops was a nickel per share. Same-store sales also dropped 7%. But I wasn?t focused so much on what it did in the third quarter as I was on what it expects in the fourth:?As a result of additional promotional ...
NEW YORK (AP) - Pacific Sunwear of California Inc. likely has enough liquidity to remain a going concern, an analyst said Wednesday, prompting an upgrade of the teen apparel retailer's shares.
ANAHEIM, Calif. (AP) - Clothing retailer Pacific Sunwear of California Inc. said Tuesday it expects to post a loss in the fourth quarter, on a continued pullback in consumer spending.
Global auto woes continue. U.S. auto executives pleaded for a $25B aid package at congressional hearings yesterday. "This is about much more than Detroit," testified General Motors (GM) CEO Rick Wagoner. "It's about saving the U.S. economy from a catastrophic collapse." Lawmakers were less than enthused by the pleas, with some saying the automakers had 'failed models' and should file for bankruptcy. (Read more from the hearings.) Elsewhere, automakers in China and Europe have taken a cue from their U.S. counterparts and have requested aid from their governments...
Pacific Sunwear of California (PSUN) is expected to report Q3 earnings after market close Tuesday, November 18, with a conference call scheduled for 4:30 pm ET.
Guidance
Analysts are looking for a profit of 1c on revenue of $320.66M. The consensus range is (1c) to 3c for EPS, and revenue of $298.2M to $324M, according to First Call. In October, the company, which reported October same-store sales declined 11%, revised its Q3 guidance and that, excluding items, profit would be at the low end of its target of breakeven to 5c.
I don't follow Charlotte Russe Holding (CHIC) very closely, but I noticed today that it received an unsolicited bid from two private investment firms well in excess of its closing price yesterday. You can read about it in the press release issued by its suitors.
Like CHIC, several of my small-cap retail investments are trading below tangible book value. I wrote recently about a group of attractively priced retailers that...
I remember a wildly successful strategy in 2003 that could get a reprise in 2009: Buying stocks from a beaten down sector below book value. While in 2003, the sector in question was Technology, this time it is Consumer Discretionary.
In the table below (click to enlarge), I include 15 companies generated from a screen I ran on StockVal. The goal was to identify companies with strong balance sheets that were expected to make money next year and that weren't loaded...
Each day, Wall Street is flooded with stock research offering a multitude of conflicting investment opinions. As such, TickerMine is not in the business of providing more opinions. We believe that accurate raw data points can be used to gain insight in to the stock selection and valuation process.
Sales Increased this Summer at Pacific Sunwear (PSUN)
Respondents at twenty-three (96%) Pacific Sunwear stores around the country confirmed that sales increased as summer approached. The hottest selling brands were Billabong at four stores (17%), Bullhead (17%) and Hurley (17%), with two stores (8%) reporting Quicksilver as their hottest-selling brand.
Three more banks reach ARS settlements. In separate settlements reached with state regulators, Merrill Lynch (MER), Goldman Sachs (GS), and Deutsche Bank (DB) will buy back at least $12.5B ($10B, $1.5B and $1B respectively) of auction-rate securities [ARS] and will pay $162.5M in fines. The three settlements are the latest in a string of ARS-related buybacks and fines: Citigroup (C), JPMorgan Chase (JPM), Morgan Stanley (MS), UBS (UBS) and Wachovia have agreed to $35B in buybacks and over $360M in fines. Other firms, including Bank of America (BAC), are...
Pacific Sunwear of California (PSUN) is expected to report Q2 earnings Thursday after the closing bell with a conference call scheduled for 4:30 pm ET.
Guidance
Analysts are looking for a profit of 6c on revenue of $310.66M. The consensus range is 5c to 6c for EPS, and revenue of $297.77M to $331.02M, according to First Call. Pacific Sunwear recently reported its July same-store sales were down 4% vs. consensus of up 0.4% and said July sales were $99.1M. The company now expects to report Q2 EPS in line with expectations, at 5c to 6c.
Shares of Anaheim - based Pacific Sunwear of California Inc . got a boost on Wednesday after an analyst upgraded the company ' s stock , saying the struggling retailer will likely stay in business.The ...
Nov 19 , 2008 ( M2 PRESSWIRE via COMTEX ) - - PSUN | Quote | Chart | News | PowerRating - - XplosiveStocks . com tracks HOT stocks that are on the move !For FREE Stock Alerts visit the following ...
Shares of Anaheim - based Pacific Sunwear of California Inc . got a boost on Wednesday after an analyst upgraded the company ' s stock , saying the struggling retailer will likely stay in business.The ...
Shares of Anaheim - based Pacific Sunwear of California Inc . got a boost on Wednesday after an analyst upgraded the company ' s stock , saying the struggling retailer will likely stay in business.The ...
UBS upgraded Pacific Sunwear ( NASDAQ : PSUN ) to Neutral from Sell and said liquidity is no longer a near - term concern.The firm lowered Pacific Sunwear's target to $1.50 from $3.Citigroup ...
UBS upgraded Pacific Sunwear ( NASDAQ : PSUN ) to Neutral from Sell and said liquidity is no longer a near - term concern.The firm lowered Pacific Sunwear's target to $1.50 from $3.Citigroup ...
AP , 11.19 . 08 , 09 : 17 AM ESTNEW YORK ( AP ) - A Goldman Sachs ( nyse : GS - news - people ) analyst said Wednesday that although Costco Wholesale Corp . ( nasdaq : COST - news - people ) ...
By AP | 19 Nov 2008 | 09 : 17 AM ETNEW YORK ( AP ) - A Goldman Sachs analyst said Wednesday that although Costco Wholesale Corp . ' s non - food sales may continue to deteriorate , the decline ...
NEW YORK ( AP ) - A Goldman Sachs analyst said Wednesday that although Costco Wholesale Corp . ' s non - food sales may continue to deteriorate , the decline will likely be offset by strong food ...
NEW YORK ( Associated Press ) - Among the premarket stories for Wednesday , Nov . 19 , from AP Financial News :NEW YORK ( AP ) _ A Goldman Sachs analyst said Wednesday that although Costco Wholesale ...
Among the companies whose shares are expected to see active trade in Wednesday’s session are Intuit Inc., Ross Stores Inc., and BJ's Wholesale Club Inc.
SAN FRANCISCO (MarketWatch) -- Pacific Sunwear of California Inc. late Tuesday reported its third-quarter net loss narrowed to $2.5 million, or 4 cents a share, from a loss of $20 million, or 29 cents a share, in the same quarter last year. Loss from continuing operations came in at 5 cents a share. "Results for the third quarter of fiscal 2008 include an after-tax,
non-cash goodwill impairment charge of approximately $4.2 million, or 6 cents per diluted share," said the clothing retailer. Revenue decreased to $323.6 million from $341.9 million a year ago. Analysts surveyed by FactSet Research had forecast...
Inflation - dead or alive? Despite the economy, a certain coffee company perks up interest on Wall Street. And supermarkets slice costs in the deli department and beyond.
Starbucks serves up blame for its woes. Cost-cutting hits National Lampoon. Is there anything President-elect Obama can really do to fix housing? And you better think twice about giving gift cards this holiday season.
The lousy job market could dampen retail sales this holiday season. One guru contends Wall Street is having psychological problems these days. And you're buying generic store brands like they're going out of style.
Stocks 
Pacific Sunwear of California
The consensus range is 5c to 6c for EPS, and revenue of $297.77M to $331.02M, according to First Call. Pacific Sunwear recently reported its July same-store sales were down 4% vs. consensus of up 0.4% and said July sales were $99.1M. The company now expects to report Q2 EPS in line with expectations, at 5c to 6c.
