85
Fashion Jobs
JO MALONE LONDON
Education Manager, Jml/lm
Permanent · HO CHI MINH CITY
L'OREAL GROUP
Senior HR Operations Executive/ Assistant Manager
Permanent · HO CHI MINH CITY
ADIDAS
Key Account Manager (Franchise)
Permanent · HO CHI MINH CITY
ADIDAS
Senior Manager, Commercial, Adigolf, Vietnam 1
Permanent · HO CHI MINH CITY
ADIDAS
Key Account Manager 1 (Franchise)
Permanent · HO CHI MINH CITY
COLUMBIA
lo Costing & Engineering Manager
Permanent · HO CHI MINH CITY
L'OREAL GROUP
Category Manager - Cpd
Permanent · HO CHI MINH CITY
L'OREAL GROUP
Business Planning Manager - Cpd
Permanent · HO CHI MINH CITY
ADIDAS
Senior Manager Product Creation (Sportwear)
Permanent · HO CHI MINH CITY
L'OREAL GROUP
Product Manager - Shu Uemura
Permanent · HO CHI MINH CITY
ADIDAS
Manager, Quality Product Integrity
Permanent · HO CHI MINH CITY
TAPESTRY
Manager, Manufacturing Engineer
Permanent · HO CHI MINH CITY
SPECIALIZED
Painting Quality Engineer - Bình Dương, Vietnam
Permanent ·
ON RUNNING
Social Compliance Specialist - Hcm Based
Permanent · HO CHI MINH CITY
ADIDAS
Senior Manager, Sourcing Operations
Permanent · HO CHI MINH CITY
WILLIAMS SONOMA
Wood Sustainability Specialist - (Global)
Permanent · THUẬN AN
PUMA
Manager Quality Apparel & Accessories
Permanent · HO CHI MINH CITY
PUMA
Senior Executive, Finance
Permanent · HO CHI MINH CITY
PUMA
Head of Quality Footwear
Permanent · HO CHI MINH CITY
PUMA
Quality Engineer Cobra
Permanent · HO CHI MINH CITY
PUMA
Key Account Manager, Marketplace E-Com
Permanent · HO CHI MINH CITY
ON RUNNING
Head of Footwear Sourcing
Permanent · HO CHI MINH CITY
By
Reuters
Published
Aug 21, 2008
Reading time
2 minutes
Download
Download the article
Print
Text size

Zumiez Q2 profit beats estimates; cuts '08 view

By
Reuters
Published
Aug 21, 2008

Aug 21 (Reuters) - Snowboarding gear retailer Zumiez Inc posted a better-than-expected quarterly profit, but lowered its fiscal 2008 outlook citing a challenging macro environment, sending its shares down as much as 8 percent.

The retailer of action-sports-related apparel, footwear, equipment and accessories said it now expects earnings of about 80 cents to 82 cents a share for fiscal 2008.

It had earlier forecast a profit of about 90 cents to 93 cents a share.

In a conference call with analysts, Zumiez said it cut its sales outlook for the year to between $418 million and $425 million, from its prior view of $430 million to $445 million.

For the second quarter ended Aug. 2, the company, which sells popular youth brands like Billabong, Burton, Hurley and Quiksilver, earned $2.7 million, or 9 cents a share. It reported a profit of $3.1 million, or 11 cents a share, a year earlier.

The mall-based retailer, which caters to young men and women between ages 12 and 24 years, said sales rose 12.5 percent to $92.3 million. However, sales at stores open at least a year fell 1.7 percent in the quarter.

Analysts on average had expected earnings of 7 cents a share, before special items, on revenue of $92.6 million, according to Reuters Estimates.

Zumiez, whose rivals include Pacific Sunwear of California Inc and Hot Topic Inc , said it expects third quarter same-store sales to fall in the mid-single digit range. For the fourth quarter, it sees same-store sales to decline in the low single-digit range.

Shares of the Everett, Washington-based company fell to a low of $12.10 in trading after the bell. They pared some of the losses and were down 50 cents at $12.60.

The shares closed at $13.19 in regular trading Thursday on Nasdaq. (Reporting by Dilipp S. Nag in Bangalore; Editing by Anil D'Silva, Gopakumar Warrier)

© Thomson Reuters 2024 All rights reserved.