Zumiez (ZUMZ) Numbers Slashed at Jefferies Following Q3 Results; Sees 'Tough Sledding Ahead'
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Zumiez Inc. Announces Fiscal 2015 Third Quarter Results
December 3, 2015 4:05 PM ESTLYNNWOOD, WA -- (Marketwired) -- 12/03/15 -- Zumiez Inc. (NASDAQ: ZUMZ) today reported results for the third quarter ended October 31, 2015.
Total net sales for the third quarter ended October 31, 2015 (13 weeks) decreased 4.2% to $204.3 million from $213.3 million in the quarter ended November 1, 2014 (13 weeks). Comparable sales for the thirteen weeks ended October 31, 2015 decreased 7.3% compared with a comparable sales increase of 3.7% for the thirteen weeks ended November 1, 2014. Net income in the third quarter of fiscal 2015 decreased to $9.7 million, or $0.36 per diluted share, compared to net income of $15.7 million, or $0.54 per diluted share in the third quarter of... More
