** charts before earnings **
** charts 4 days after earnings **
Zumiez beats by $0.07, reports revs in-line; guides Q4 well below consensus; adds $70 mln to buyback:
- Reports Q3 (Oct) earnings of $0.36 per share, $0.07 better than the Capital IQ Consensus of $0.29; revenues fell 4.2% year/year to $204.3 mln vs the $204.21 mln Capital IQ Consensus.
- Comps -7.3% vs. +3.7% last year.
- Co issues downside guidance for Q4, sees EPS of $0.40-0.46 vs. $0.63 Capital IQ Consensus Estimate; sees Q4 revs of $226-231 mln vs. $254.77 mln Capital IQ Consensus Estimate.
- November comps -13.8% vs. -7.4% Retail Metrics Consensus.
- "We've moved quickly to reduce expenses to protect profitability in the face of challenging sales trends, which helped us exceed our bottom line guidance for the third quarter. With the fourth quarter off to a slow start combined with tougher sales comparisons ahead, we believe it's prudent to maintain a cautious outlook for the remainder of fiscal 2015 and we are focused on managing expenses and inventory levels during this difficult time."
- Adds $70 mln to buyback
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