Stifel Raises Price target on Zumiez, Inc. (ZUMZ) following 2Q Report
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Zumiez Inc. Announces Fiscal 2016 Second Quarter Results
September 8, 2016 4:05 PM EDTLYNNWOOD, WA -- (Marketwired) -- 09/08/16 -- Zumiez Inc. (NASDAQ: ZUMZ), a leading lifestyle retailer of apparel, footwear, equipment and accessories, today reported results for the second quarter ended July 30, 2016.
Total net sales for the second quarter ended July 30, 2016 (13 weeks) decreased 0.9% to $178.3 million from $179.8 million in the quarter ended August 1, 2015 (13 weeks). Comparable sales for the thirteen weeks ended July 30, 2016 decreased 4.9% compared to a comparable sales decrease of 4.5% for the thirteen weeks ended August 1, 2015. Net loss for the second quarter of fiscal 2016 was $0.8 million, or $0.03 per diluted share, compared to net income of $3.2 million,... More
