Ads
By
Reuters
Published
Sep 28, 2009
Download
Download the article
Print
Text size

Zumiez raises third quarter earnings outlook

By
Reuters
Published
Sep 28, 2009

Sept 28 (Reuters) - Skate and snow-boarding inspired retailer Zumiez Inc (ZUMZ.O) lifted its third-quarter earnings outlook, citing better-than-planned sales and product margins.


Supra Vaider Royal shoes at Zumiez.com

Zumiez sees third-quarter earnings of 12 cents to 14 cents a share, up from its previous outlook 5 cents to 7 cents a share.

Analysts on average were looking for a profit of 9 cents a share, before special items, according to Reuters Estimates.

The company expects sales at stores open at least a year to decline in the high single digits to low double digits for the quarter ending Oct. 31.

Same-store sales have declined 7.7 percent in the quarter till Sept. 26, the company said.

Shares of the Everett, Washington-based Zumiez closed at $15.65 Friday 25 September on Nasdaq. (Reporting by Viraj Nair in Bangalore; Editing by Anne Pallivathuckal)

© Thomson Reuters 2024 All rights reserved.