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 (NASDAQ:HOTT) reported earnings that met expectations on revenues and earnings per share.
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