04 May Zumiez Sees Q1 Earnings At Low-End Of Guidance
Zumiez Inc. reported total net sales for the four-week period ended April 29, 2017 increased 10.3 percent to $56.5 million, compared to $51.2 million for the four-week period ended April 30, 2016.
The company’s comparable sales increased 7.8 percent for the four-week period compared to a comparable sales decrease of 6.0 percent in the year ago period.
Based primarily on a higher than expected tax rate, the company expects first quarter 2017 net loss per share to be towards the low end of its guidance range of 17 cents to 21 cents a share.