Zumiez Inc. (ZUMZ) stock prices updated...
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Zumiez Inc. stock price
Zumiez Inc. latest news:
Zumiez stock jumps after company ups guidance, reports 11% December net sales growth
Zumiez Inc. shares jumped 13% in late trading Wednesday after the retailer reported a double-digit rise in December sales and increased its guidance for the fiscal 2017 fourth quarter thanks to stronger-than-expected quarter-to-date sales and product margin performance. Zumiez said its total net sales for December rose 11.4% to $160 million, compared with $143.6 million in December 2016. Comparable-store sales increased 7.9% in the month, compared with an increase of 3.4% in the year-ago period. The company expects fiscal 2017 fourth quarter comparable-sales growth of about 7%, and per-share earnings between 88 cents and 90 cents. This compares with a previous guidance for comparable sales growth between 3% and 5% and per-share earnings between 78 cents and 84 cents. Zumiez stock ended the regular session up 2.5%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
BRIEF-Zumiez Inc Says December Same Store Sales Rose 7.9 Pct
* - NOW EXPECTS FISCAL 2017 Q4 COMPARABLE SALES GROWTH OF
Zumiez shares fall after company's Q3 earnings
Shares of Zumiez Inc. fell 5% late Thursday after the retailer reported an earnings and sales beat in the third quarter. Zumiez said it earned $11.9 million, or 48 cents a share, in the quarter, compared with $10.7 million, or 43 cents a share, in the year-ago period. Sales rose 11% to $245.8 million, compared with $221.4 million a year ago. Analysts polled by FactSet had expected earnings of 46 cents a share on sales of $241.8 million. The company expects fourth-quarter sales to be in the range of $291 million to $297 million, and fourth-quarter per-share earnings to be in the range of 78 cents to 84 cents. The analysts surveyed by FactSet expect fourth-quarter earnings of 77 cents a share on sales of $287 million.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
BRIEF-Zumiez Reports Q3 Earnings Per Share $0.48
* Q3 EARNINGS PER SHARE VIEW $0.48 -- THOMSON REUTERS
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