Retailer Zumiez (NASDAQ:ZUMZ) announced after the bell that second quarter earnings were lower, and forecast that third quarter profit would be below estimates.
Net income fell to $2.1 million, or 7 cents per share, from $2.6 million, or 8 cents per share, last quarter. The results include 10 cents per share in acquisition costs and expenses related to relocation expense. Total sales increased by 20 percent to $135.1 million. Selling and administrative expenses increased to about 32 percent of sales.
Shares are lower in early trading.
Last week, competitor Hot Topic (HOTT) reported earnings that met expectations on revenues and earnings per share.
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