Zumiez Posts Profit In Q1 - Quick Facts

(RTTNews) - Zumiez Inc. (ZUMZ) reported net income for the first quarter of $2.5 million, or $0.09 per share, compared to $2.5 million, or $0.08 per share in the year-ago quarter.

Total net sales for the latest first quarter increased 9% to $162.93 million from $148.50 million a year ago.

Analysts polled by Thomson Reuters expected the company to earn $0.05 per share on revenue of $159.21 million for the first quarter. Analysts' estimates typically exclude special items.

Looking forward to the second quarter, the company forecast net income per share of approximately $0.12 to $0.16 per share which includes $0.6 million, or approximately $0.02 per share, for charges associated with the acquisition of Blue Tomato. Net sales are projected to be in the range of $167 to $171 million.

Analysts currently expect the company to earn $0.18 per share on revenue of $170.77million for the second quarter.