Pacific Sunwear posts $1.95 million of net income for May 29 to July 2

By Caroline Salls

Pittsburgh, Aug. 8 – Pacific Sunwear of California, Inc. reported $1.95 million of net income after reorganization items for the period of May 29 to July 2 on $72.24 million in net sales, according to its monthly operating report filed Monday with the Securities and Exchange Commission.

Those figures showed improvement over the $6.29 million net loss after reorganization items posted for the period of May 1 to May 28 on $48.69 million in net sales.

The company had $2 million in cash and cash equivalents as of July 2, down from $7.66 million on May 28.

Based in Anaheim, Calif., Pacific Sunwear is a specialty retailer of action sports-inspired casual apparel, accessories and footwear for teens and young adults. The company filed for Chapter 11 on April 7 in the U.S. Bankruptcy Court for the District of Delaware under case number 16-10882.

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