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Zumiez Inc's (NASDAQ: ZUMZ) boosted its fourth-quarter earnings estimate Wednesday by nearly 8 percent, citing higher-than-expected December sales.
The athletics apparel retailer said December same-store sales grew 8 percent while total sales for the period jumped 14.4 percent to $143.4 million.
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Zumiez closed Wednesday at $40.28, up 4.7 percent.
The company forecast fourth-quarter net profits of between $0.75 and $0.77 a share, up nearly 8 percent from its earlier prediction of between $0.69 and $0.72 a share.
Zumiez predicted fourth-quarter sales of between $255 million and $256 million, on same-store sales growth of 7 percent.
Wall Street expects fourth-quarter earnings of $0.73 a share, on sales of $252.84 million.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.