AEM 223 Section 1 HW - 1-Finding Financial Information 1...

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1-Finding Financial Information 1 PacSun is a retailer of everyday casual apparel, accessories and footwear for teens and  young adults. 2 Yes, the CEO and Executive Chairman believe PacSun had a good year.  They cite: a. Sales grew by $188 million to $1.23 billion, an increase of 18 percent. b. Earnings grew by 33 percent to $106.9 million. c. Same store sales grew by 7.3 percent: PacSun up 7.5 percent and d.e.m.o. up 5.7 percent. d. Opened 113 new stores in 2004 and expanded 35 of our most productive stores. e. Operating income reached a record 13.8 percent for the year. f. Total Company sales per square foot increased for the year to $374 per square foot: PacSun at $370 per square foot & d.e.m.o. at $402 per square foot. g. Ended 2004 with 990 stores, which included 828 PacSun stores and 162 d.e.m.o stores. 3 January 29 th , 2005 4 a. It provides the consolidated balance sheets for two years (fiscal years 2003 &  2004) b. Consolidated statements of income for 3 years (fiscal years 2003, 2004, & 2005) c.
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  • Spring '08
  • LITTLE,J.E.
  • Balance Sheet, Generally Accepted Accounting Principles, Consolidated balance Sheets, Pacsun

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