Zumiez Q1 Sales Beat Estimates, Driven by North America and Europe Growth
ZUMZ sits 90% above its 52-week low of $11.41.
Summary
Zumiez reported Q1 sales of $193.35 million, surpassing analyst estimates of $191.03 million, driven by strong comparable sales growth of 4.0% in North America and Europe. This positive sales performance provides a counterpoint to the previously reported net loss of $13.27 million for the quarter. The company also repurchased 0.3 million shares for $6.2 million, signaling management's confidence. For Q2, Zumiez projects net sales between $210 million and $215 million, with an expected EPS loss between $0.23 and $0.08.
At the time of this announcement, ZUMZ was trading at $21.72 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $405.2M. The 52-week trading range was $11.41 to $31.70. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Reuters.