Wall Street Watch Friday: Zumiez Wipes Out
Filed under: Earnings, Time Warner, Stocks in the News, Market News
Skateboarding is all about keeping your balance and avoiding the always-embarrassing face-plant.
Zumiez (ZUMZ) — the retailer for edgy teen apparel, footwear, and gear with an extreme sports bent — has fallen flat on its face, posting disappointing quarterly results on Thursday afternoon.
Looking back, it isn’t so bad. Net sales soared 20%, fueled by a 9.5% spike in same-store sales. Zumiez’s profit of $0.07 a share seems to be woefully short of the $0.13 a share that analysts were…
Wall Street Watch Friday: Zumiez Wipes Out originally appeared on DailyFinance.com on 2012-08-31T09:00:00Z.
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