Zumiez, Inc. (ZUMZ) Tops Q2 EPS by 3c; Offers 3Q Revenue Mid-Point Outlook Below Consensus

Zumiez, Inc. (NASDAQ: ZUMZ) reported Q2 EPS of $0.17, $0.03 better than the analyst estimate of $0.14. Revenue for the quarter came in at $219 million versus the consensus estimate of $219.25 million.

Rick Brooks, Chief Executive Officer of Zumiez Inc., stated, “We delivered our strongest second quarter in several years. Our differentiated merchandise offering combined with our authentic brand positioning and seamless multi-channel shopping experience continue to drive robust comparable sales gains. We also expanded product margins by 30 basis points through increased full price selling and meaningfully leveraged our expenses on higher sales. The broad based improvements across our business fueled a marked improvement in profitability compared with a year ago. We are very encouraged by our recent performance, and with the second half of the year off to a solid start, we are heading into our busiest selling season with great momentum.”

GUIDANCE:

Zumiez, Inc. sees Q3 2018 revenue of $247-252 million, versus the consensus of $251.09 million.

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

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