Zumiez, Inc. (ZUMZ) Reports In-Line Q1 EPS, Q2 Guidance Falls Short
Zumiez, Inc. (NASDAQ: ZUMZ) reported Q1 EPS of $0.12, in-line with the analyst estimate of $0.12. Revenue for the quarter came in at $177.6 million versus the consensus estimate of $179.3 million.
The Company's comparable sales decreased 2.2% for the four-week period ended May 30, 2015 compared to a comparable sales increase of 3.6% for the four-week period ended May 31, 2014.
Zumiez, Inc. sees Q2 2015 EPS of $0.12-$0.15, versus the consensus of $0.30. Zumiez, Inc. sees Q2 2015 revenue of $179-183 million, versus the consensus of $193.70 million.
This guidance is based on an anticipated comparable sales decrease in the (5%) to (3%) range for the second quarter of fiscal 2015. The Company currently intends to open approximately 57 new stores in fiscal 2015, including up to 7 stores in Canada and 6 stores in Europe.
For earnings history and earnings-related data on Zumiez, Inc. (ZUMZ) click here.