It’s not all bad news in the action mall retail sector. Zumiez shares were up 6% today after the company released strong September sales numbers according to a story on Forbes.com.
The mall-based retailer reported Wednesday that sales last month surged 18.3% to $52.9 million (from $44.7 million a year ago), and comparable store sales were up 10.1%. . . More importantly the company bumped its third-quarter earnings forecast to between 40 and 41 cents per share, from previous guidance of 37 to 39 cents. Wall Street’s consensus estimate calls for earnings of 39 cents per share.
Take that, Pac Sun.
[Link: Forbes]
