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Zumiez, Inc. Message Board

  • winbig33069 winbig33069 May 17, 2012 8:39 PM Flag

    Zumiez Guides Earnings Below Estimates

    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.

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    • 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.

    • They did this last quarter as well (check the releases). I've been short this stock, but decent management + amazing weather has helped them along a fair amount.

      Perhaps May won't be that great for them given the relatively crappy weather. Weekends have been amazing though, which mitigates some of it.

      Hard to say when this will crack. Certainly not on this news.

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