** charts after earnings **
Zumiez beats by $0.40, beats on revs, comps +8.1% for stores that were open; also announces $100 mln share repurchase program
Reports Q3 (Oct) earnings of $1.16 per share, $0.40 better than the S&P Capital IQ Consensus of $0.76; revenues rose 2.7% year/year to $271 mln vs the $246.2 mln S&P Capital IQ Consensus.Due to store closures, stores were open for approximately 95% of the third quarter of 2020 measured as the total number of store days open in the quarter divided by the total number of store days available.For the stores that were open, comparable sales for the thirteen weeks ended October 31, 2020 increased 8.1% compared to the same period a year ago.Due to the fast-moving nature of this situation and the uncertainty of impacts on revenue and costs, the company previously withdrew its full year fiscal 2020 guidance. The company is not providing an updated outlook at this time for the fourth quarter or the year.Co also announces $100 mln share repurchase program.
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