Zumiez, Inc. (ZUMZ) Tops Q3 EPS by 15c; Raises Outlook

Zumiez, Inc. (NASDAQ: ZUMZ) reported Q3 EPS of $0.75, $0.15 better than the analyst estimate of $0.60. Revenue for the quarter came in at $264 million versus the consensus estimate of $260.87 million.

Rick Brooks, Chief Executive Officer of Zumiez Inc., stated, “We are very pleased with the third quarter performance and our teams continued ability to provide high-quality service to the customer. The third quarter represented our fourth consecutive strong back-to-school season, our 13th quarter of positive comparable sales gains and continued solid full price selling in each of our geographies that we operate. At the same time, the initiatives we’ve implemented aimed at creating efficiencies and generating savings throughout our organization contributed to our better than expected bottom line and allowed us to convert mid-single digit comparable sales into a 37.1% improvement in earnings per share. The holiday season is off to a good start and we are confident that our distinct approach to retailing combined with an operating model built around a singular cost structure has Zumiez well positioned to deliver record results in 2019 and generate increased shareholder value for years to come.”

GUIDANCE:

Zumiez, Inc. sees FY2019 EPS of $2.38-$2.46, versus the consensus of $2.16.

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

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