Shares of the specialty retailer Zumiez Inc. ZUMZ were trading up 15 percent in the pre-market session as the company raised both revenue and earnings guidance. Zumiez raised Q4 revenue sales from between $226-$231 million to an $237-$239 million. Earnings guidance narrowed and improved, from $0.40-$0.46 to $0.45-$0.47.
These guidance figures factored in more from the Street, as the press release containing these guidance numbers also included some weak December retail sales results. The company reported a decrease in net sales year-over-year in December of 6.2 percent from $143.4 to $134.5 million, as well as comparable-store sales decrease of 8.9 percent year-over-year.
Despite the mixed results, the positive guidance reaction has propelled Zumiez from 15.13 to $16.90 after hours. This boost comes after a steady decline from a high of $41.81 nearly a year ago.
Shares traded recently at $17.40.
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