Zumiez, Inc. (ZUMZ) Tops Q2 EPS by 4c, Q3 Guidance Beats

Zumiez, Inc. (NASDAQ: ZUMZ) reported Q2 EPS of ($0.02), $0.04 better than the analyst estimate of ($0.06). Revenue for the quarter came in at $192.2 million versus the consensus estimate of $192.12 million.

Comparable sales for the thirteen weeks ended July 29, 2017 increased 4.7% compared to a comparable sales decrease of 4.9% for the thirteen weeks ended July 30, 2016.

August 2017 Comparable Sales Increased 7.4%

GUIDANCE:

Zumiez, Inc. sees Q3 2017 EPS of $0.43-$0.48, versus the consensus of $0.43. Zumiez, Inc. sees Q3 2017 revenue of $236-241 million, versus the consensus of $228.21 million.

This guidance is based upon anticipated comparable sales growth between 4% and 6% for the third quarter of fiscal 2017. The Company currently intends to open approximately 18 new stores in fiscal 2017, including up to 3 stores in Canada and 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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