Zumiez: Fiscal 3Q Earnings Snapshot
LYNNWOOD, Wash. (AP) _ Zumiez Inc. (ZUMZ) on Thursday reported fiscal third-quarter earnings of $13.8 million.
On a per-share basis, the Lynnwood, Washington-based company said it had net income of 55 cents.
The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 48 cents per share.
The clothing retailer posted revenue of $248.8 million in the period, which also beat Street forecasts. Six analysts surveyed by Zacks expected $248.6 million.
For the current quarter ending in January, Zumiez said it expects revenue in the range of $295 million to $301 million. Analysts surveyed by Zacks had expected revenue of $315.4 million.
Zumiez shares have declined 7.5 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $19.26, a decrease of almost 7 percent in the last 12 months.