Pacific Sunwear May same-store sales drop 3 percent

Analysts surveyed by Thomson Financial forecast a same-store sales decline of 3 percent.

For the four weeks ended May 31, the company's total sales fell 2 percent to $86.9 million, from $88.5 million last year.

For the year-to-date period, same-store sales fell 2 percent and total sales dipped less than 1 percent to $353.7 million, from $356.4 million during the prior year.

Chief Financial Officer Michael Henry noted that same-store sales growth in the clothing category was offset by a large drop in footwear, due the company's planned exit from the sneakers and fashion footwear category that began earlier this year. Same-store sales of accessories also declined.