Zumiez Expects Q2 Net Sales Of $199M - $204M, Est $190.6M; Loss Per Share Of $(0.30) - $(0.40), Est $(0.16)
Portfolio Pulse from Benzinga Newsdesk
Zumiez has announced its Q2 net sales expectations to be between $199 million and $204 million, surpassing the estimated $190.6 million. However, the company also expects a loss per share between $(0.30) and $(0.40), which is worse than the estimated loss of $(0.16).
June 06, 2024 | 8:10 pm
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Zumiez's Q2 net sales are expected to exceed estimates, but the anticipated loss per share is worse than expected. This mixed outlook could lead to short-term volatility in the stock price.
While the higher-than-expected net sales are a positive indicator, the larger-than-expected loss per share could offset this optimism, leading to mixed reactions from investors and potential short-term volatility in the stock price.
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