Zumiez, Inc. (ZUMZ) Tops Q1 EPS by 2c, Beats on Revenues; Offers Q2 Guidance

Zumiez, Inc. (NASDAQ: ZUMZ) reported Q1 EPS of ($0.18), $0.02 better than the analyst estimate of ($0.20). Revenue for the quarter came in at $181.2 million versus the consensus estimate of $179.35 million.

GUIDANCE:

Zumiez, Inc. sees Q2 2017 EPS of ($0.11)-($0.06), versus the consensus of $0.01. Zumiez, Inc. sees Q2 2017 revenue of $185-189 million, versus the consensus of $186.58 million.

Fiscal 2017 Second Quarter Outlook

The Company is introducing guidance for the three months ending July 29, 2017. Net sales are projected to be in the range of $185 to $189 million resulting in net loss per diluted share of approximately -$0.06 to -$0.11. This guidance is based on an anticipated comparable sales increase in the 1% to 3% range for the second quarter of fiscal 2017. The Company currently intends to open approximately 19 new stores in fiscal 2017, including up to 3 stores in Canada, 4 stores in Europe and 2 stores in Australia.

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

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