UPDATE: Zumiez, Inc. (ZUMZ) Tops Q3 EPS by 6c, Revenues Beat, Comp. Sales Up 4.8%; Offers Q4 EPS/Revenue Outlook Below Consensus

(Updated - December 6, 2018 4:17 PM EST)

Zumiez, Inc. (NASDAQ: ZUMZ) reported Q3 EPS of $0.55, $0.06 better than the analyst estimate of $0.49. Revenue for the quarter came in at $248.8 million versus the consensus estimate of $248.7 million.

Rick Brooks, Chief Executive Officer of Zumiez Inc., stated, “We are very pleased with our third quarter performance and strong back-to-school season. The third quarter represented our ninth quarter of positive comparable sales and consisted of meaningful full priced selling throughout the period. With 140 basis points of improvement between product margins and inventory shrink, we were able to offset the loss of a high volume week due to the calendar shift and deliver earnings per share ahead of our expectations. The fourth quarter has gotten off to a positive start driven by robust demand over the Black Friday weekend and Cyber Monday. We are confident that our differentiated product offering, seamless multi-channel shopping experience, and superior customer service has Zumiez well positioned for a strong finish to the year and sustained success over the long-term.”

GUIDANCE:

Zumiez, Inc. sees Q4 2018 EPS of $1.02-$1.08, versus the consensus of $1.13. Zumiez, Inc. sees Q4 2018 revenue of $295-301 million, versus the consensus of $312.27 million.

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

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