Wedbush Cuts Price Target on Zumiez, Inc. (ZUMZ) to $12; Remains Neutral
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Zumiez Inc. Announces Fiscal 2016 First Quarter Results
June 2, 2016 4:05 PM EDTLYNNWOOD, WA -- (Marketwired) -- 06/02/16 -- Zumiez Inc. (NASDAQ: ZUMZ), a leading specialty retailer of apparel, footwear, equipment and accessories for young men and women, today reported results for the first quarter ended April 30, 2016.
Total net sales for the first quarter ended April 30, 2016 (13 weeks) decreased 2.6% to $173.0 million from $177.6 million in the first quarter ended May 2, 2015 (13 weeks). Comparable sales for the thirteen weeks ended April 30, 2016 decreased 7.5% compared to a comparable sales increase of 3.0% in the first quarter of 2015. Net loss in the first quarter of fiscal 2016 was $2.1 million, or ($0.08) per diluted share, compared to... More
