Zumiez Inc. (ZUMZ) Reports 40% Increase In Fourth-Quarter Profit
By Benzinga Staff
March 11, 2010 5:40 PM
March 11, 2010 5:40 PM
Zumiez Inc. (NASDAQ: ZUMZ) reported a 40% increase in fourth-quarter profit on Thursday.
Zumiez posted a profit of $8.8 million, or $0.29 per share, compared with a profit of $6.3 million, or $0.21 per share, a year earlier. The company saw its revenue grow by 5.6% to $132.4 million. However, same-store sales were down by 1.7%. Gross margins improved by 390 basis points to 36.3%.
Zumiez shares were down by 9.48% to $18.33 in afterhours trading on Thursday.
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