Anaheim-based Pacific Sunwear of California Inc. saw sales at stores open at least a year rise more than expected in June, though the teen clothing retailer cut its profit outlook for the current quarter.
Same-store sales rose 4.5% last month, led by the company’s dominant PacSun chain of stores selling clothes inspired by surfing.
PacSun stores were up 5.7%, while the company’s smaller demo chain selling urban clothes was down 7.5%.
For the current quarter, Pacific Sunwear cut its profit outlook, citing industry pressure for lower prices.
The company now expects profits of up to $12.6 million, down from an earlier forecast of up to $14 million.
Orange County’s other major mall retailer, Foothill Ranch-based Wet Seal Inc., reported a 0.7% rise in June same-store sales, coming in below Wall Street’s expectations.
Analysts predicted a 1.6% increase.
The company’s main Wet Seal stores drove the increase, though the gain was tempered by weaker performance at its Arden B stores.
For July, Wet Seal expects a same-store sales increase in the low to mid single digits.
Wet Seal maintained its profit outlook for the current quarter, which calls for net income of up to $7.6 million.
