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Zumiez, Inc. (NASDAQ:ZUMZ) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
Zumiez, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 25% to $0.75 in the quarter versus EPS of $0.60 in the year-earlier quarter.
Revenue: Rose 22.05% to $224.4 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Zumiez, Inc. reported adjusted EPS income of $0.75 per share. By that measure, the company beat the mean analyst estimate of $0.73. It beat the average revenue estimate of $223.39 million.
Quoting Management: Rick Brooks, Chief Executive Officer of Zumiez Inc., stated, “We are pleased with the quality of our fourth quarter results. Our ability to deliver better than expected sales and earnings underscores the strength of our business model which is rooted in a diverse branded merchandising strategy, highly differentiated shopping experience, and unique culture. It’s these principles that have allowed us to consistently drive Zumiez forward. With the consumers use of technology evolving and reshaping the retail landscape we are confident that the investments we continue to make in our people, systems and processes will allow us to build on our position as the global leader in action sports retail for many years to come.”
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