Brief: Zumiez Inc Reports Q1 Loss Per Share $0.84

Zumiez

04/06/2020 22:17

June 4 (Reuters) - Zumiez Inc  ZUMZ.O :
    * ANNOUNCES FISCAL 2020 FIRST QUARTER RESULTS
    * Q1 LOSS PER SHARE $0.84
    * Q1 EARNINGS PER SHARE ESTIMATE $-0.41 -- REFINITIV IBES
DATA
    * Q1 REVENUE $137.8 MILLION VERSUS REFINITIV IBES ESTIMATE
OF
$152.1 MILLION
    * ENDED Q1 WITH $217 MILLION IN CASH AND MARKETABLE
SECURITIES AND
NO DEBT
    * SUSPENDED HIRING, LAID OFF VIRTUALLY ALL PART-TIME STAFF
    * ELIMINATED SUBSTANTIALLY ALL PLANNED FISCAL 2020 BONUSES
AND
DELAYED MAJORITY OF MERIT RAISES
    * PAUSED SHARE REPURCHASES
    * LATE IN Q1 CO BEGAN REOPENING SOME STORES WITH MOST AT
REDUCED
HOURS
    * NOT PROVIDING AN UPDATED OUTLOOK AT THIS TIME FOR Q2 OR
YEAR
    * MAY COMPARABLE STORE SALES FOR LOCATIONS OPENED IN MAY AS
WELL
AS OUR E-COMMERCE TRAFFIC INCREASED 79.6%

Source text for Eikon:  ID:nGNXhlY0F 
Further company coverage:  ZUMZ.O 

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