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Zumiez, Inc. (ZUMZ)
by Zacks Equity ResearchJune 29, 2012 | Comments : 0 Recommended this article: (0)
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Moreover, driven by a 12.7% growth in comps, the company's top line surged 22.7%. We believe the recent deal to acquire Blue Tomato will provide Zumiez broader avenues to strengthen its international base. Assuming it would fully acquire the company by July 1, Zumiez raised its second-quarter sales guidance in the range of $134 - $136 million, inclusive of nearly $2 million in sales from Blue Tomato.
However, the company kept its earnings per share guidance unchanged at $0.04 to $0.06, inclusive of the acquisition related costs and expenses. Currently, we are maintaining a long-term Outperform rating on the stock.
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