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Zumiez: Fiscal 4Q Earnings Snapshot

LYNNWOOD, Wash. (AP) _ Zumiez Inc. (ZUMZ) on Thursday reported fiscal fourth-quarter net income of $37.9 million.

The Lynnwood, Washington-based company said it had profit of $1.48 per share.

The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.36 per share.

The clothing retailer posted revenue of $328.8 million in the period, also beating Street forecasts. Five analysts surveyed by Zacks expected $326 million.

For the year, the company reported profit of $66.9 million, or $2.62 per share. Revenue was reported as $1.03 billion.

For the current quarter ending in May, Zumiez said it expects revenue in the range of $219 million to $223 million. Analysts surveyed by Zacks had expected revenue of $221.7 million.

Zumiez shares have decreased 47% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $18.36, a fall of 25% 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