Zumiez Q1 2024 GAAP EPS $(0.86) Beats $(1.14) Estimate, Sales $177.388M Beat $171.468M Estimate
Portfolio Pulse from Benzinga Newsdesk
Zumiez (NASDAQ:ZUMZ) reported Q1 2024 GAAP EPS of $(0.86), beating the $(1.14) estimate, and sales of $177.388M, surpassing the $171.468M estimate. Despite the beats, sales decreased by 3.01% year-over-year.
June 06, 2024 | 8:07 pm
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Zumiez reported better-than-expected Q1 2024 GAAP EPS and sales, beating analyst estimates. However, sales decreased by 3.01% year-over-year.
Zumiez's better-than-expected earnings and sales figures are likely to have a positive short-term impact on the stock price. However, the year-over-year sales decline may temper some of the enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100