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Why Zumiez Inc. Stock Popped Today

TheMotleyFool

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Why Zumiez Inc. Stock Popped TodayPhoto, wide shot, wide-angle lens, Online marketplace, sunset photo at golden hour, photo by Ansel Adams: https://img.midjourneyapi.xyz/temp/27d484d8-d1b1-4519-9797-b5dcaa68d4e2.png

Shares of Zumiez Inc. (NASDAQ: ZUMZ) were surging today after the streetwear retailer posted better-than-expected results in its second-quarter earnings report and gave strong guidance for the current quarter. As of 10:53 a.m. EDT, the stock was up 20.2%.

The company beat estimates on both top and bottom lines as revenue rose 7.8% to $192.2 million, edging out expectations at $192.1 million. Meanwhile, a loss of $0.03 a share a year ago narrowed to a loss of $0.02 a share, topping the analyst consensus of minus $0.06 a share.

Image source: Zumiez.

Source: Fool.com