Zumiez, Inc. (ZUMZ) Tops Q3 EPS by 1c; Issues Lackluster Outlook

Zumiez, Inc. (NASDAQ: ZUMZ) reported Q3 EPS of $0.54, $0.01 better than the analyst estimate of $0.53. Revenue for the quarter came in at $213.3 million versus the consensus estimate of $212 million.

Zumiez, Inc. sees Q4 2014 EPS of $0.71-$0.73, versus the consensus of $0.75. Zumiez, Inc. sees Q4 2014 revenue of $249-251 million, versus the consensus of $252.4 million.

Total net sales for the four-week period ended November 29, 2014 increased 12.6% to $70.3 million, compared to $62.4 million for the four-week period ended November 30, 2013. The Company's comparable sales increased 6.3% for the four-week period ended November 29, 2014 on top of a comparable sales increase of 1.7% for the four-week period ended November 30, 2013.

Rick Brooks, Chief Executive Officer of Zumiez Inc., stated, "We delivered double digit earnings growth in the third quarter driven by higher than expected sales along with lower than planned operating expenses. The merchandising, selling and marketing strategies we've implemented across our global platform are resonating with consumers and strengthening our brand position as a leading lifestyle retailer. We are optimistic about our growth prospects this holiday season and more importantly over the long-term."

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

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