Zumiez reports EPS in-line, revs in-line; guides Q4 EPS in-line, revs above consensus
- Reports Q3 (Oct) earnings of $0.48 per share, excluding non-recurring items, in-line with the Capital IQ Consensus of $0.48; revenues rose 11.0% year/year to $245.8 mln vs the $244.5 mln Capital IQ Consensus.
- Comparable sales for the thirteen weeks ended October 28, 2017 increased 7.9% compared to a comparable sales increase of 4.0% for the thirteen weeks ended October 29, 2016.
- Co issues guidancefor Q4, sees EPS of $0.78-0.84, excluding non-recurring items, vs. $0.79 Capital IQ Consensus Estimate; sees Q4 revs of $291-297 mln vs. $288.49 mln Capital IQ Consensus Estimate.
- Guidance is based upon anticipated comparable sales growth between 3% and 5% for the fourth quarter of fiscal 2017.
- Remains on track to open approximately 19 new stores in fiscal 2017, including up to 3 stores in Canada and 5 stores in Europe and 2 stores in Australia.
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