=Zumiez (ZUMZ) reported earnings Thur 2 June 2016 (a/h)

 Zumiez beats by $0.03, reports revs in-line; guides Q2 below consensus; reports May same store sales -7.6% vs -6.4% Retail Metrics consensus :

• Reports Q1 (Apr) loss of $0.08 per share, $0.03 better than the Capital IQ Consensus of ($0.11) -- in-line with guidance for at or slightly below low end of its prior range of ($0.07) -($0.11); revenues fell 2.6% year/year to $173 mln vs the $172.4 mln Capital IQ Consensus.
• Co issues downside guidance for Q2, sees EPS of ($0.09)-(0.13) vs. $0.05 Capital IQ Consensus Estimate; sees Q2 revs of $172 to $176 mln vs. $181.30 mln Capital IQ Consensus Estimate. This guidance is based on an anticipated comparable sales decrease in the 6% to 8% range for the second quarter of fiscal 2016. The Company currently intends to open ~29 new stores in fiscal 2016, including up to 6 stores in Canada and 7 stores in Europe.