Zumiez Craters on Q2 Earnings Results

Shares of Zumiez ZUMZ are trading lower in the after-hours following the release of the company's Q2 earnings results. Currently, shares are lower by 5.30%, trading at $17.51; they ended the regular session lower by 4.10%, at $18.49. Zumiez reported Q2 EPS of $0.08 on revenues of $112.2 million. Revenues increased 14.9% year over year. Comparable store sales for the second quarter of fiscal 2011 increased 7.5% on top of an increase of 9.3% for the second quarter of fiscal 2010. Rick Brooks, Chief Executive Officer of Zumiez Inc., stated, "We are pleased with the sales and earnings growth we delivered for the quarter. Our merchandise and expansion strategies are driving improvements across our business and are continuing to strengthen Zumiez's position as the leading action sports retailer.” “We remain optimistic that our diverse product offering, compelling mix of brands, and commitment to customer service will distinguish our concept further from the promotional competition and provide us with strategic advantages during the key upcoming selling seasons." Zumiez Inc. is a mall-based specialty retailer of action sports related apparel, footwear, equipment and accessories operating under the Zumiez brand name. As of January 30, 2010, the company operated 377 stores primarily located in shopping malls, giving it a presence in 35 states.