A PiperJaffray analyst said Monday that traffic during the holiday shopping season at retailers will likely be "inconsistent and unpredictable" with most stores relying on promotions to draw in customers.
EVERETT, Wash.----Zumiez Inc. today announced that the Company’s conference call to discuss third quarter fiscal 2008 financial results will be broadcast live over the Internet on Thursday, November 20, 2008 at 5:00 p.m.
SAN FRANCISCO (MarketWatch) -- Zumiez Inc. late Thursday reported its third-quarter net income fell to $6.8 million, or 23 cents a share, from $8.1 million, or 28 cents a share, in the same quarter a year earlier. Revenue increased to $112.2 million from $104 million a year ago, said the retailer. Comparable store sales fell 5.8% in the quarter. Analysts polled by FactSet Research had forecast earnings of 23 cents a share on revenue of $111.7 million. The company also reiterated its 2008 earnings outlook of 52 cents to 57 cents a share for 2008. Wall Street is...
Zumiez reports EPS in-line, revs in-line; guides FY09 EPS in-line Reports Q3 (Oct) earnings of $0.23 per share, in-line with the First Call consensus of $0.23; revenues rose 7.9% year/year to $112.2
Zumiez Inc. (NASDAQ: ZUMZ) today reported results for the third quarter ended November 1, 2008. Total net sales for the third quarter (13 weeks) ended November 1, 2008 increased by 7.9% to $112.2
Stuck in losing territory for much of Wednesday's trading, U.S. stocks took a late-day plunge to settle with massive losses, as record-setting declines in housing and consumer prices wreaked havoc on the major averages.
NEW YORK (AP) - A PiperJaffray analyst said Monday that traffic during the holiday shopping season at retailers will likely be "inconsistent and unpredictable" with most stores relying on promotions to draw in customers.
Stocks in the U.S. got walloped Wednesday, closing with discouraging losses after Treasury Secretary Henry Paulson proposed new ways to spend the Troubled Asset Relief Program's remaining funds, retailers offered cringe-worthy sales forecasts and Congress looked at a potential bailout for the sickly auto sector.
Zumiez Inc. (NASDAQ:ZUMZ) today announced that the Company?s conference call to discuss third quarter fiscal 2008 financial results will be broadcast live over the Internet on Thursday, November 20,
Three more banks reach ARS settlements. In separate settlements reached with state regulators, Merrill Lynch (MER), Goldman Sachs (GS), and Deutsche Bank (DB) will buy back at least $12.5B ($10B, $1.5B and $1B respectively) of auction-rate securities [ARS] and will pay $162.5M in fines. The three settlements are the latest in a string of ARS-related buybacks and fines: Citigroup (C), JPMorgan Chase (JPM), Morgan Stanley (MS), UBS (UBS) and Wachovia have agreed to $35B in buybacks and over $360M in fines. Other firms, including Bank of America (BAC), are...
Zumiez (ZUMZ) is expected to report Q2 earnings Thursday after the closing bell with a conference call scheduled for 5:00 pm ET.
Guidance
Analysts are looking for a profit of 7c on revenue of $92.64M. The consensus range is 5c to 8c for EPS, and revenue of $89.86M to $96M, according to First Call. In May, Zumiez forecast FY08 EPS 90c to 92c vs. First Call consensus of 90c, and later said July same-store sales were down 1.4% vs. consensus of down 0.7%.
Here is a link to a WSJ listing of how various major retailers fared in July. A couple of highlights follow below:
Warehouse stores Costco (COST) and BJ's (BJ) both saw same store sales increase by 6% and 7% respectively, both appear to be benefitting from consumers buying bulk as a way to save money and I suspect Costco's recent resiliency is also due to having some of the most affluent customers in retail.
Each day, Wall Street is flooded with stock research offering a multitude of conflicting investment opinions. As such, TickerMine is not in the business of providing more opinions. We believe that accurate raw data points can be used to gain insight in to the stock selection and valuation process.
Most Customers at Zumiez (ZUMZ) Stores Spend Paltry Sums of $30-$60
Home prices post record drop. U.S. home prices recorded their first-ever recorded quarterly drop, falling 3.1% from a year ago. Prices also fell 1.7% from last quarter, the largest quarterly drop on record. "The large overhang of real estate inventory awaiting sale continues to force price declines," Ofheo chief economist Patrick Lawler said.
Ballmer distances himself from Yahoo. Microsoft (MSFT) CEO Steve Ballmer says its bid for Yahoo was "never the strategy we were pursuing," (ok, so what was it?), and that the company now has $50B to spend...
With the market finally getting
into the zone that I have been expecting since early March (Get Ready for the
Last Rally), I
have to confess that I am quite nervous about my prediction that this
thrust out of the trading range will prove to be temporary. I
do still believe that the market will stall and retreat before moving
past 1455 on the S&P 500 (and thus not ever going ?green? on
the YTD), though I am...
On April 10, the market receives crucial insight into the spending habits of consumers by way of monthly sales reports from the nation?s retailers. To be sure, this year?s March data takes on added significance as it will serve to measure interest in early spring merchandise and gift giving demand for Easter at a time of waning consumer confidence.
We currently anticipate mixed to slightly unfavorable comparable store sales (comp) results and 1Q`08 guidance (despite the Easter calendar shift which should positively impact comps in week three of the month) from the specialty apparel...
Nov . 20 - - Everett - based retailer Zumiez reported a 16 percent drop in its third - quarter profit today , citing fewer customers entering its stores and costly promotions needed to move merchandise ...
Zumiez reported a 16 percent drop in its third - quarter profit today , a decline the Everett - based retailer blamed on fewer customers and costly promotions.By Amy MartinezEverett - based retailer ...
EVERETT , Wash . ( AP ) - Sports apparel and equipment retailer Zumiez Inc . said Thursday its profit fell 16 percent in the third quarter as same - store sales fell 5.8 percent.The company reported ...
AP , 11.20 . 08 , 05 : 58 PM ESTSports apparel and equipment retailer Zumiez Inc . said Thursday its profit fell 16 percent in the third quarter as same - store sales fell 5.8 percent.The company ...
Sports apparel and equipment retailer Zumiez Inc . said Thursday its profit fell 16 percent in the third quarter as same - store sales fell 5.8 percent.The company reported net income of $6.8 ...
By AP | 20 Nov 2008 | 05 : 58 PM ETEVERETT , Wash . - Sports apparel and equipment retailer Zumiez Inc . said Thursday its profit fell 16 percent in the third quarter as same - store sales fell ...
EVERETT , Wash . ( AP ) - Sports apparel and equipment retailer Zumiez Inc . said Thursday its profit fell 16 percent in the third quarter as same - store sales fell 5.8 percent.The company reported ...
Zumiez reports EPS in - line , revs in - line ; guides FY09 EPS in - line Reports Q3 ( Oct ) earnings of $0.23 per share , in - line with the First Call consensus of $0.23 ; revenues rose 7.9 ...
Zumiez Inc . reported third - quarter net income of $6.8 million , or 23 cents per diluted share.That ' s down from $8.1 million , or 28 cents per share , a year earlier , but exactly what analysts ...
Zumiez Inc . reported third - quarter net income of $6.8 million , or 23 cents per diluted share.That ' s down from $8.1 million , or 28 cents per share , a year earlier , but exactly what analysts ...
SAN FRANCISCO (MarketWatch) -- Zumiez Inc. late Thursday reported its third-quarter net income fell to $6.8 million, or 23 cents a share, from $8.1 million, or 28 cents a share, in the same quarter a year earlier. Revenue increased to $112.2 million from $104 million a year ago, said the retailer. Comparable store sales fell 5.8% in the quarter. Analysts polled by FactSet Research had forecast earnings of 23 cents a share on revenue of $111.7 million. The company also reiterated its 2008 earnings outlook of 52 cents to 57 cents a share for 2008. Wall Street is projecting...
The retailers -- including chains like AutoNation, Big Lots, Costco, Mother's Work, Stage and Wal-Mart -- are in sharp focus on Thursday, as they report comparable-store sales for October.
SAN FRANCISCO (MarketWatch) -- Zumiez's same-store sales slumped 13.1% in October, compared with an increase of 5.1% in October 2007, said the specialty apparel retailer late Wednesday. Analysts, on average, had expected the same-store sales to fall 6.5%, according to Thomson Reuters. Total net sales for the four-week period ended Nov. 1 rose 1.2% to $25 million. The retailer also said it expects to report earnings of 22 cents to 23 cents a share, compared with 28 cents a share in the third quarter of last year. Analysts are forecasting the company to report earnings of 24 cents a...
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