PacSun loss widens

Anaheim, Calif. Pacific Sunwear of California said Thursday that its fiscal first-quarter loss widened as revenue fell 15%.

For the quarter that ended May 1, Pacific Sunwear reported a loss of $31 million, compared with a loss of $8.7 million in the year-ago quarter. The year-ago results also included a $7 million income tax benefit.

Sales dropped to $190.3 million from $223.5 million last year.

The company opened two stores and closed 13 during the quarter, leaving it with 883 stores total at the end of the three-month period.

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