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Article Date: June 2019
Word Count: 416

Zumiez Swings to a Profit in Q1


Net income was $793,000 in the first quarter ended May 4 compared to a loss of $2,607,000 in 2018, as revenue increased 3% to $212,928,000 from $206,287,000 including a comparable sales increase of 3.3%, marking 11 consecutive quarters of positive comps. The top line was pulled down by $2.7 million due to changes in foreign currency rates. Sales exceeded guidance of negative 2% to flat, pushed by a strong performance in the last two months of the quarter after a slow February, which had negative comps of 3.8%, largely driven by late tax returns. Business rebounded with a positive comp ... Log in to view full article.

 


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