UPDATE: Zumiez, Inc. (ZUMZ) Tops Q4 EPS by 7c, Revenues Miss; Offers Q1 EPS Guidance Below Consensus, Q1 Revenue Guidance Below Consensus
Zumiez, Inc. (NASDAQ: ZUMZ) reported Q4 EPS of $1.18, $0.07 better than the analyst estimate of $1.11. Revenue for the quarter came in at $304.6 million versus the consensus estimate of $305.55 million.
“For the third consecutive year we delivered strong comparable sales and operating income growth in the key holiday quarter,” said Rick Brooks, Chief Executive Officer of Zumiez Inc. “Our ability to consistently improve upon our performance is the result of the hard work we’ve done positioning the Company to win with today’s empowered consumer. This includes ensuring that we have the brands and products our customers are looking for, that we provide an authentic brand position with outstanding service levels and place inventory in the right stores to meet and fulfill demand quickly regardless of what channel they shop. Finally, our localized fulfillment strategy has provided a retail model with a singular cost structure that we can more easily leverage to drive operating margin expansion. We start fiscal 2019 with a strong balance sheet that provides us with financial flexibility to explore multiple opportunities for creating increased shareholder value.”
GUIDANCE:
Zumiez, Inc. sees Q1 2019 EPS of ($0.13)-($0.07), versus the consensus of ($0.05). Zumiez, Inc. sees Q1 2019 revenue of $202-206 million, versus the consensus of $213 million.
For earnings history and earnings-related data on Zumiez, Inc. (ZUMZ) click here.