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Zumiez profit rises 25% in Q4, beats Street
Everett, Wash. -- Teen retailer Zumiez Inc. reported Thursday that profit for the fourth quarter increased 24.9% to $18.7 million, from $15 million a year earlier, boosted by better margins.
Revenue rose 18% to $183.9 million, edging Wall Street’s expected $183 million in revenue.
The company has now surpassed analyst estimates for four quarters in a row.
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Stein Mart Q4 income down, to focus on everyday low-pricing strategy
Jacksonville, Fla. -- Stein Mart Inc. reported Thursday that its net income fell to $5.7 million for the fiscal fourth quarter, down from $18.8 million last year. The chain said it was returning to its strategy of emphasizing everyday low prices after heavy coupon promotions took a toll on the retailer's financial performance during the past year.
Revenue for the quarter ended Jan. 28 was down nearly 3% to $328.1 million, from $336.7 million. Same-store sales were down 2.2%.