Zumiez Guides Earnings Below Estimates 3 hours 46 minutes ago - EarningsWhispers Earnings Guidance via Comtex
Zumiez Inc. (NASDAQ: ZUMZ) said it expects second quarter earnings of $0.07 to $0.09 per share on revenue of $128.0 million to $130.0 million. The current consensus earnings estimate is $0.10 per share on revenue of $128.7 million for the quarter ending July 31, 2012.
This earnings guidance summary was provided by EarningsWhispers, a leading provider of earnings expectations - including corporate guidance announcements and analysts' expectations that differ from published estimates. http://www.earningswhispers.com
They are giving conservatiove guidance, which assumes a mid-single digit comp. The big management meeting was moved from the 1st quarter to the 2nd quarter, which was a benefit to $.01 in the 1st quarter in the $.14 and will be an extra cost in the 2nd quarter. The relocation of the office and the fullfillment center is another extra $.03 cost in the 2nd quarter. Backing out these two items, the guidance is $.08 to $.10 per share for the 2nd quarter.