Piper Jaffray Cuts Price Target on Zumiez, Inc. (ZUMZ) Following 4Q Report
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Zumiez Inc. Announces Fiscal 2015 Fourth Quarter and Full Year Results
March 10, 2016 4:05 PM ESTLYNNWOOD, WA -- (Marketwired) -- 03/10/16 -- Zumiez Inc. (NASDAQ: ZUMZ) today reported results for the fourth quarter and fiscal year ended January 30, 2016.
Total net sales for the fourth quarter ended January 30, 2016 (13 weeks) decreased 6.2% to $242.4 million from $258.6 million in the quarter ended January 31, 2015 (13 weeks). Comparable sales for the 13-week period ended January 30, 2016 decreased 9.5% compared to an 8.3% increase for the 13-week period ended January 31, 2015. Net income in the fourth quarter of fiscal 2015 decreased 24.9% to $13.1 million, or $0.50 per diluted share, from net income of $17.5 million, or $0.60 per diluted share, in the fourth quarter of the prior... More
