Zumiez Raises Q3 Guidance (ZUMZ)
Mon. September 28, 2009; Posted: 12:00 PM
Sep 28, 2009 (SmarTrend(R) News Watch via COMTEX) --
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PowerRating -- 9/28/2009-Zumiez, Inc. (NASDAQ:ZUMZ) announced Monday it raised its Q3 sales, product margin and EPS guidance. The company now expects Q3 comparable store sales to decline in the "negative high single digits to low double digits," vs. its previous expectation for comparable store sales to decline in the "low-to-mid teen range." Based on the previously mentioned adjustment, Zumiez said it expects Q3 EPS to range between $0.12 to $0.14 (vs. consensus estimates of $0.10), up from its previously issued guidance of $0.05 to $0.07.
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