Zumiez (ZUMZ) Stock Up 15% On Q1 Earnings And Sales Beat
Zacks Investment Research | Jun 06, 2019 11:03PM ET
Zumiez Inc. (NASDAQ:ZUMZ) reported solid first-quarter fiscal 2019 financial numbers. While the company’s earnings surpassed the Zacks Consensus Estimate for the fifth straight quarter, revenues outpaced the consensus mark after a miss in the previous quarter. It also delivered 11th straight quarter of positive comparable sales (comps).
Following the quarterly results, this Zacks Rank #2 (Buy) stock gained nearly 15.2% during the after-market trading session on Jun 6.
Q1 Highlights
Zumiez reported earnings of 3 cents per share against the Zacks Consensus Estimate of a loss of 9 cents. In the prior-year quarter, the company had incurred a loss of 10 cents per share. Notably, increased sales and margin expansion were the primary reasons behind the company’s bottom-line growth in the quarter under review.
Net sales rose 3.2% year over year to $212.9 million and also exceeded the Zacks Consensus Estimate of $206 million. The top line benefited from comps growth and the addition of seven stores since the end of first-quarter fiscal 2018, partly offset by adverse foreign currency rates.
Zumiez Inc. Price, Consensus and EPS Surprise
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