After yesterday's closing bell, Zumiez posted a loss of 3 cents per share, beating analysts' projected loss of 8 cents per share. Revenue came in at $178.3 million, above consensus estimates of $177.45 million in revenue.
For the same quarter last year, Zumiez earned 12 cents per share on revenue of $179.82 million.
Zumiez CEO Rick Brooks said the company's overall business continues to underperform vs. its long-term expectations.
The company forecasts third quarter earnings to be in the range of 21 cents to 26 cents per share, while Wall Street is looking for 31 cents per share.
Revenue is expected to be between $209 million and $213 million, above analysts' projected revenue of $206.01 million.
Zumiez is a Lynnwood, WA-based apparel, footwear, accessories and hardgoods retailer.
Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author. TheStreet Ratings has this to say about the recommendation:
TheStreet Ratings team rates Zumiez as a Hold with a ratings score of C. The primary factors that have impacted the rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, the team also finds weaknesses including feeble growth in the company's earnings per share, deteriorating net income and disappointing return on equity.
You can view the full analysis from the report here: