Zumiez Earnings: Here’s Why Investors Don’t Like These Results
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. Shares are down 3.09%.
Zumiez, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 7.14% to $0.13 in the quarter versus EPS of $0.14 in the year-earlier quarter.
Revenue: Rose 14.32% to $148.5 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Zumiez, Inc. reported adjusted EPS income of $0.13 per share. By that measure, the company beat the mean analyst estimate of $0.12. It beat the average revenue estimate of $147.66 million.
Quoting Management: Rick Brooks, Chief Executive Officer of Zumiez Inc., stated, “Our business improved throughout the first quarter driven by strong full price selling during the combined March/April period. These results, which were delivered in a more challenging operating environment than a year ago, reflect the success of our continued execution on long-term growth strategies and the strength of our highly differentiated and diverse merchandise offering. We remain confident that our current course can continue to yield increased top and bottom line long-term gains.”
Key Stats (on next page)…