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PACIFIC SUNWEAR REPORTS SALES FOR JUNE

 SANTA ANA, Calif., July 8 /PRNewswire/ -- Pacific Sunwear of California Inc. (NASDAQ: PSUN) reported net sales for the five-week period ended July 4, 1993, of $5.2 million, an increase of 13 percent from sales of $4.6 million for the same period of 1992. Comparable store sales decreased 2 percent for the five weeks as compared to a 15 percent increase in the same period of 1992.
 The company reported net sales for the 22 weeks ended July 4, 1993, of $19.7 million, an increase of 19 percent from sales of $16.6 million for the same period of 1992. Comparable store sales for the 22 weeks were up 6 percent from the same period of last year.
 By the end of the second quarter, the 13 weeks ending Aug. 1, 1993, the company expects to have opened 12 new stores for a total of 72 stores in operation, which will be exactly as planned. However, the timing of these openings were later than planned which will reduce anticipated sales and earnings in the second quarter. For the second quarter, the company anticipates reporting higher net income than for the same quarter of last year, on a comparable tax rate basis, but below estimates.
 Michael Rayden, chairman and chief executive officer, said, "The company now anticipates opening 23-24 new stores this year vs. a plan of 18-20, as additional favorable locations have become available and because our new stores are performing well."
 The company reported that inventories as of July 4, 1993, were as planned and are well positioned for the important back-to-school period.
 Pacific Sunwear of California Inc. is a mall-based specialty retailer of young men's everyday apparel and accessories reflecting the casual lifestyle of Southern California. As of July 4, 1993, the company operated 69 stores, compared to 55 stores as of July 5, 1992.
 -0- 7/8/93
 /CONTACT: Michael Rayden, president and CEO, or Carl Womack, CFO, of Pacific Sunwear of California, 714-250-8887/
 (PSUN)


CO: Pacific Sunwear of California Inc. ST: California IN: REA SU:

LM-LS -- LA001 -- 9327 07/08/93 08:31 EDT
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Publication:PR Newswire
Date:Jul 8, 1993
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