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Zumiez Inc announced on Monday that it expects its revenue and earnings per share in the fourth quarter 2023 to come in at the low end of its past guidance following weaker-than-expected holiday sales. The specialty apparel retailer said total net sales fell 4.4% year over year for the nine-week period ended December 30, 2023, while comparable sales decreased 5.9%, as the company cited unseasonably warm weather in many parts of the US along with minimal snowfall in key winter sports regions.
Zumiez's (ZUMZ) business strategies appear encouraging. The company is gaining from its focus on providing differentiated assortments.
Zumiez (ZUMZ) came out with a quarterly loss of $0.12 per share versus the Zacks Consensus Estimate of a loss of $0.17. This compares to earnings of $0.36 per share a year ago.
Zumiez Inc. (NASDAQ:ZUMZ) shares rose nearly 2% in extended trading Thursday following a narrow-than-expected third-quarter loss. The clothing retailer posted a loss of $0.12 per share, compared to Street expectations of $0.17 per share, on revenue of $216.3 million in the period, above foecasts of $213.4 million.
In light of the uncertainties, Zumiez's (ZUMZ) management remains cautious and navigates the company through short-term challenges while focusing on long-term strategic initiatives.
LYNNWOOD, Wash., Nov. 16, 2023 (GLOBE NEWSWIRE) -- Zumiez Inc. (NASDAQ: ZUMZ) today announced it will report fiscal 2023 third quarter results on Thursday, November 30, 2023, following the closing of regular stock market trading hours. The Company will hold a conference call that day at 5:00 p.m. ET to review the results.
Zumiez's (ZUMZ) business strategies appear encouraging. The company is gaining from its focus on providing differentiated assortments.
Zumiez's (ZUMZ) second-quarter fiscal 2023 results were hurt by inflationary pressures, a promotional landscape, increased costs and foreign currency headwinds.
Zumiez Inc. (NASDAQ:ZUMZ), the specialty apparel retailer, posted a second-quarter loss and guided for 3Q sales that were below analysts' estimates, sending its shares lower in Friday pre-market trading. The Lynwood, Washington-based company said it faced headwinds as retailers resorted to cutting prices due to pressure on consumer spending.
Zumiez Inc. (NASDAQ:ZUMZ ) Q2 2023 Earnings Call Transcript September 7, 2023 5:00 PM ET Company Participants Rick Brooks - CEO Chris Work - CFO Conference Call Participants Mitch Kummetz - Seaport Jeff Van Sinderen - B. Riley Corey Tarlowe - Jefferies Operator Good afternoon, ladies and gentlemen, and welcome to the Zumiez's Inc. Second Quarter Fiscal 2023 Earnings Conference Call.