Net income was $19,325,000 against $13,380,000 for theperiod ended July 31. Q2 revenues rose 17% to $274,797,000 from $234,392,000 asgross margins grew 40 basis points to 34.5%. As previously reported, comparablestore sales were 6.8% higher in the period. PSUN, which continues to adjustassortments including a shift to more fashion denim and long-sleeve private labelwovens, is maintaining its Q3 and Q4 comparable store sales outlook of 5% andcorresponding EPS guidance for each period. Q3 EPS is projected at $.39 ($29.9mm); Q4, $.52 ($39.9 mm). The FY04 target is for EPS of $1.35 ($103.5 mm) andan operating margin of 13.5%, which would ... Log in to view full article.