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Zumiez Beats Street on Q2 Bottom Line, Guidance Below Forecast


Zumiez posted second quarter earnings of $0.26 a share on revenue of $177 million. Wall Street analysts were looking for $0.23 a share on sales of $177 million. Last year, the teen retailer earned $0.20 a share on $158 million in revenue. Comparable sales for the quarter increased 3.4% versus an increase of 0.9% last year. It’s worth noting that the results include costs associated with the acquisition of Blue Tomato. The company also had cash and current marketable securities of $113 million compared to $95.0 million last year. TheStreet's Gregg Greenberg has details from New York.