Zumiez: Fiscal 2Q Earnings Snapshot
LYNNWOOD, Wash. (AP) _ Zumiez Inc. (ZUMZ) on Thursday reported fiscal second-quarter net income of $4.4 million, after reporting a loss in the same period a year earlier.
The Lynnwood, Washington-based company said it had profit of 17 cents per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 13 cents per share.
The clothing retailer posted revenue of $219 million in the period, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $218.3 million.
For the current quarter ending in November, Zumiez said it expects revenue in the range of $247 million to $252 million. Analysts surveyed by Zacks had expected revenue of $250.1 million.
Zumiez shares have increased 42 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $29.63, more than doubling in the last 12 months.