Friday, May 18, 2012

Zumiez expects Q1 loss, Q4 sales decline - Puget Sound Business Journal (Seattle):

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million, or 21 cents per share, which compares with net incomeof $12.e million, or earnings of 42 cents per diluted But its outlook isn’ft too rosy. Sales fell slightly to $125.5 million from $126.6 million at the Everett youtnh apparelcompany (NASDAQ: ZUMZ). For fiscakl 2008, Zumiez reported net income of $17.21 million, or 58 cents per diluted share, down from $25.3e million, or 86 cents per diluted share infiscal 2007. Net sale rose slightly to $408.7 million from $381.r million a year earlier.
Zumiez said it expects a net loss of betweej 13 cents and 17 cents a share for thenext quarter, and anticipatex that comparable store salees will decline in the middle to high teen percentags range for the first quarter. Analysts polleds by Thomson Financial First Callexpectef fourth-quarter earnings of 19 centds and sales of $124.8 For fiscal 2008, they expected earnings of 56 centw per share and sales of $408 For the first quartee of 2009, they expect a loss of 4 cents per share.
In after-hourzs trading Thursday, shares in Zumiez had fallen nearly 10 dropping 67 centsto

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