UPDATE: Zumiez, Inc. (ZUMZ) Tops Q2 EPS by 5c; Guides Q3 EPS Below Views

September 8, 2016 4:06 PM EDT
Get Alerts ZUMZ Hot Sheet
Trade ZUMZ Now!
Join SI Premium – FREE

Get daily under-the-radar research with StreetInsider.com's Stealth Growth Insider Get your 2-Wk Free Trial here.
(Updated - September 8, 2016 4:10 PM EDT)

Zumiez, Inc. (NASDAQ: ZUMZ) reported Q2 EPS of ($0.03), $0.05 better than the analyst estimate of ($0.08). Revenue for the quarter came in at $178.3 million versus the consensus estimate of $177.45 million.

Comps fell 1.1 percent, versus expectations for a 0.4 percent increase.

The Company is introducing guidance for the three months ending October 29, 2016. Net sales are projected to be in the range of $209 to $213 million resulting in net income per diluted share of approximately $0.21 to $0.26. This guidance is based upon an anticipated comparable sales range of negative 2% to 0% for the third quarter of fiscal 2016. The Company currently intends to open approximately 29 new stores in fiscal 2016, including up to 6 stores in Canada and 7 stores in Europe.

*** The Street sees Q3 EPS of $0.31 with revenue of $206 million.

For earnings history and earnings-related data on Zumiez, Inc. (ZUMZ) click here.

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In

Related Categories

Earnings, Guidance, Hot Guidance, Retail Sales

Related Entities


Add Your Comment