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Unformatted text preview: 1-Finding Financial Information1PacSun is a retailer of everyday casual apparel, accessories and footwear for teens and young adults.2Yes, 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 &amp; 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.3January 29th, 20054a.It provides the consolidated balance sheets for two years (fiscal years 2003 &amp; 2004)b.Consolidated statements of income for 3 years (fiscal years 2003, 2004, &amp; 2005)...
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This note was uploaded on 02/07/2008 for the course AEM 3230 taught by Professor Little,j.e. during the Fall '08 term at Cornell University (Engineering School).
- Fall '08