×
60 544
Fashion Jobs
ROSS STORES
Senior Manager, Fixture Quality
Permanent · Dublin
OLD NAVY
District Manager - Colorado South
Permanent · Lakewood
OLD NAVY
General Manager - Shops at Stonewall
Permanent · Gainesville
NORDSTROM
Assistant General Manager - Ruscello - South Coast Plaza
Permanent · Costa Mesa
MACY'S
Asset Protection Detective, South Shore Plaza - Full Time
Permanent · Braintree
TJX COMPANIES
Product Manager
Permanent · Framingham
HOMEGOODS
70118-lp Detective
Permanent · Raleigh
TJ MAXX
District Loss Prevention Manager - Los Angeles, ca
Permanent · Culver City
TJX COMPANIES
Loss Prevention Investigator (National Task Force) - Deptford, nj
Permanent · Deptford
TJ MAXX
Warehouse Supervisor
Permanent · University Park
TJX COMPANIES
Product Manager
Permanent · Framingham
TJ MAXX
Loss Prevention Detective
Permanent · Somerville
TJ MAXX
tj Maxx Loss Prevention Detective Full-Time
Permanent · Denver
TJ MAXX
Loss Prevention Detective
Permanent · Boston
LULULEMON
Store Business Lead | Garden State Plaza
Permanent · Paramus
LEVI'S
Stock Lead, Part- Time, Levi’s® Retail, 34th Street, New York
Permanent · New York
ABERCROMBIE AND FITCH CO.
Abercrombie & Fitch - Manager in Training, Victoria Gardens
Permanent · Rancho Cucamonga
ATHLETA
General Manager - Santana Row (New Store)
Permanent · San Jose
NEIMAN MARCUS
Senior Director, General Manager, Palo Alto
Permanent · Palo Alto
ROSS STORES
Store Protection Specialist
Permanent · Hyattsville
MACY'S
Asset Protection Detective, Santa Anita - Standard Part Time
Permanent · Arcadia
MACY'S
Asset Protection Security Guard, The Market at West Bend - Part Time
Permanent · Tarrant
By
Reuters
Published
Aug 31, 2012
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Retailer Zumiez sees third-quarter profit below estimates

By
Reuters
Published
Aug 31, 2012

Action sports apparel and equipment retailer Zumiez Inc forecast current quarter earnings below estimates after the company reported lower second-quarter profit on higher costs, sending its shares down 14 percent in after-market trade.



Photo: Zumiez


The company's August same-store sales rose 3.7 percent but was below the 4.7 percent growth expected by analysts polled by Thomson Reuters.

Zumiez, which sells licensed brands such as Billabong Inter, Nike Inc and Skullcandy Inc, expects current quarter profit of 42 cents to 45 cents per share on revenue of $181 million to $185 million.

Analysts on average were expecting earnings of 56 cents per share on revenue of $183.8 million, according to Thomson Reuters I/B/E/S.

The company's second-quarter net income fell to $2.1 million, or 7 cents per share, from $2.6 million, or 8 cents per share, a year earlier.

Excluding acquisition-related charges and other items, the company earned 17 cents per share while analysts were looking for a profit of 13 cents per share.

The company bought Austria-based sports equipment, footwear, apparel and accessory retailer Blue Tomato in June to reach out to shoppers in Europe.

Zumiez said sales rose 20.4 percent to $135.1 million, marginally below analysts' expectations of $135.5 million.

Costs for the snowboarding and surfing merchandise retailer rose 27 percent to $42.6 million in the quarter.

Shares of the Everett, Washington-based company, which have risen 70 percent over the past year fell to $27.70 in extended trade. They closed at $32.22 on the Nasdaq on Thursday.

© Thomson Reuters 2022 All rights reserved.