Zumiez, Inc. (ZUMZ) Posts Q4 EPS of 89c

Zumiez, Inc. (NASDAQ: ZUMZ) reported Q4 EPS of $0.89, which may not compare with the analyst estimate of $0.62. Revenue for the quarter came in at $226.8 million versus the consensus estimate of $226.16 million.

he results for fiscal 2013 include a $5.8 million benefit, or approximately $0.16 per diluted share, for the reversal of contingent earn-out accruals associated with the acquisition of Blue Tomato, a $3.3 million benefit, or approximately $0.07 per diluted share, for the correction of an error related to the accounting for rent expenses, and a $0.6 million expense, or approximately $0.02 per diluted share, for the amortization of intangible assets associated with the Blue Tomato acquisition. Also included in the fiscal 2013 fourth quarter results is a benefit to the provision for income taxes of $0.8 million, or approximately $0.03 per diluted share, for the release of a valuation allowance of net operating losses in foreign subsidiaries. The results for fiscal 2012 include $0.5 million of Blue Tomato acquisition related costs and operations, or $0.01 per diluted share in total.

Comparable store sales for the 13-week period ended February 1, 2014 decreased 2.2% compared to a 1.0% decrease for the 14-week period ended February 2, 2013.

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

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