LYNNWOOD, Wash. (AP) — LYNNWOOD, Wash. (AP) — Zumiez Inc. (ZUMZ) on Thursday reported a loss of $33.5 million in its fiscal fourth quarter.
On a per-share basis, the Lynnwood, Washington-based company said it had a loss of $1.73. Earnings, adjusted for asset impairment costs, came to 40 cents per share.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 26 cents per share.
The clothing retailer posted revenue of $281.8 million in the period, also exceeding Street forecasts. Five analysts surveyed by Zacks expected $276 million.
For the current quarter ending in April, Zumiez said it expects revenue in the range of $167 million to $172 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ZUMZ at https://www.zacks.com/ap/ZUMZ