Why Zumiez Shares Are Sliding After Hours

Why Zumiez Shares Are Sliding After Hours

Zumiez Inc ZUMZ shares are trading lower after the company reported worse-than-expected fourth-quarter financial results and issued guidance below estimates.

Zumiez said fourth-quarter revenue increased 4.6% year-over-year to $346.7 million, which came in below the $353.18 million estimate. The company reported quarterly earnings of $1.70 per share, which came in below the estimate of $1.76 per share.

Zumiez expects first-quarter revenue to be between $215 million and $221 million versus the $258 million estimate. 

The company also announced that total quarterly revenue for the 35 days ended March 5 decreased 1.9% compared to the same 35-day period in the prior year. 

See Also: Why DocuSign Shares Are Falling After Hours

ZUMZ 52-Week Range: $36.33 - $55.10

Zumiez shares were down 16.4% in after-hours trading at $36.01. 

Photo: Mike Mozart from Flickr.

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