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Zumiez beats Street 4Q forecasts

LYNNWOOD, Wash. (AP) _ Zumiez Inc. (ZUMZ) on Thursday reported fiscal fourth-quarter net income of $18.2 million.

The Lynnwood, Washington-based company said it had net income of 74 cents per share.

The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 66 cents per share.

The clothing retailer posted revenue of $263.6 million in the period, which also beat Street forecasts. Six analysts surveyed by Zacks expected $261.7 million.

For the year, the company reported profit of $25.9 million, or $1.04 per share. Revenue was reported as $836.3 million.

For the current quarter ending in May, Zumiez said it expects revenue in the range of $178 million to $182 million. Analysts surveyed by Zacks had expected revenue of $184.6 million.

Zumiez shares have dropped almost 4 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $21, a decrease of 2 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ZUMZ at https://www.zacks.com/ap/ZUMZ


Keywords: Zumiez, Earnings Report