Preview - Please log in to view full article.

Article Date: June 2018
Word Count: 620

Zumiez Reduces Loss with Strong Q1 Comps


The result was a loss of $2,607,000 compared to a loss of $4,448,000 for the three months ended May 5 as sales rose 14% to $206,287,000 from $181,155,000 on the strength of an 8.3% comp store improvement that included solid mid-single-digit comps in the stores and faster growth on the digital side. Zumiez also has added 12 net new stores. The stock, which has more than doubled in the last year, rose another 8% in late trading as 10 cent per share loss beat the consensus forecast of a 12 cent loss and the top line outperformed the forecasts by ... Log in to view full article.

 


Already a subscriber?

User Name:

Password:


Not yet a subscriber?

Try SGI for a month FREE. You’ll get our daily news feed, weekly newsletter, and access to the last two months of SGI articles.

Start a new subscription to SGI, or order any of our other products.