Zumiez: Fiscal Q4 Earnings Snapshot

LYNNWOOD, Wash. (AP) — LYNNWOOD, Wash. (AP) — Zumiez Inc. (ZUMZ) on Thursday reported a loss of $33.5 million in its fiscal fourth quarter.

On a per-share basis, the Lynnwood, Washington-based company said it had a loss of $1.73. Earnings, adjusted for asset impairment costs, were 40 cents per share.

The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 26 cents per share.

The clothing retailer posted revenue of $281.8 million in the period, also surpassing Street forecasts. Five analysts surveyed by Zacks expected $276 million.

For the year, the company reported a loss of $62.6 million, or $3.25 per share. Revenue was reported as $875.5 million.

For the current quarter ending in April, Zumiez said it expects revenue in the range of $167 million to $172 million.

_____

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