LYNNWOOD, Wash. (AP) — LYNNWOOD, Wash. (AP) — Zumiez Inc. (ZUMZ) on Thursday reported a loss of $16.8 million in its fiscal first quarter.
On a per-share basis, the Lynnwood, Washington-based company said it had a loss of 86 cents.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of $1.14 per share.
The clothing retailer posted revenue of $177.4 million in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $171.6 million.
For the current quarter ending in July, Zumiez said it expects revenue in the range of $199 million to $204 million.
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