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Zumiez: Fiscal Q1 Earnings Snapshot

Associated Press Finance
·1 min read

LYNNWOOD, Wash. (AP) — LYNNWOOD, Wash. (AP) — Zumiez Inc. (ZUMZ) on Thursday reported a loss of $16.8 million in its fiscal first quarter.

On a per-share basis, the Lynnwood, Washington-based company said it had a loss of 86 cents.

The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of $1.14 per share.

The clothing retailer posted revenue of $177.4 million in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $171.6 million.

For the current quarter ending in July, Zumiez said it expects revenue in the range of $199 million to $204 million.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ZUMZ at https://www.zacks.com/ap/ZUMZ