Mizuho Securities Cuts Price Target on Zumiez, Inc. (ZUMZ) Following Comp Miss and 2Q Guide

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Go back to Mizuho Securities Cuts Price Target on Zumiez, Inc. (ZUMZ) Following Comp Miss and 2Q Guide

Zumiez Inc. Announces Fiscal 2015 First Quarter Results

June 4, 2015 4:01 PM EDT

LYNNWOOD, WA -- (Marketwired) -- 06/04/15 -- Zumiez Inc. (NASDAQ: ZUMZ) a leading specialty retailer of action sports related apparel, footwear, equipment and accessories, today reported results for the first quarter ended May 2, 2015.

Total net sales for the first quarter ended May 2, 2015 (13 weeks) increased 9.0% to $177.6 million from $162.9 million in the first quarter ended May 3, 2014 (13 weeks). Comparable sales for the thirteen weeks ended May 2, 2015 increased 3.0% compared to a comparable sales increase of 1.8% in the first quarter of 2014. Net income in the first quarter of fiscal 2015 was $2.8 million, or $0.09 per diluted share, compared to net income... More