Pacific Sunwear Is Hot

Casual clothing retailer Pacific Sunwear of California Inc. reported record results for the fourth quarter and year ended Feb. 1.

Net income for the fourth quarter rose 94% to $6.6 million, or 46 cents a share, from $3.4 million, or 27 cents a share, for the fourth quarter of fiscal 1996. Sales increased 50% to $74.6 million from $49.8 million. Same store sales increased 13%.

Net income for the fiscal year more than doubled to $16.4 million, or $1.20 a share, from $7.4 million, or 59 cents a share, the previous year. Sales climbed 46% to $227.1 million from $155.3 million. Same store sales were up 15% for the year.

The company said it plans to open 60 new stores in 1998, and relocate or expand 15 of its most productive stores.