- Zumiez reports 1Q loss
LYNNWOOD, Wash. (AP) _ Zumiez Inc. (ZUMZ) on Thursday reported a loss of $4.4 million in its fiscal first quarter.
The Lynnwood, Washington-based company said it had a loss of 18 cents per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 20 cents per share.
The clothing retailer posted revenue of $181.2 million in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $179.4 million.
For the current quarter ending in August, Zumiez said it expects revenue in the range of $185 million to $189 million. Analysts surveyed by Zacks had expected revenue of $185.4 million.
Zumiez shares have dropped 34 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $14.45, a fall of 2 percent in the last 12 months.
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