LYNNWOOD, Wash. (AP) _ Zumiez Inc. (ZUMZ) on Thursday reported a fiscal first-quarter loss of $21.1 million, after reporting a profit in the same period a year earlier.
The Lynnwood, Washington-based company said it had a loss of 84 cents per share. Losses, adjusted for asset impairment costs, were 79 cents per share.
The results did not meet Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 47 cents per share.
The clothing retailer posted revenue of $137.8 million in the period, which also did not meet Street forecasts. Four analysts surveyed by Zacks expected $144.1 million.
Zumiez shares have declined 15% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $29.20, a rise of 41% in the last 12 months.