Zumiez -6.4% AH on guidance cut, QTD results

Shortly after getting pummeled on weak guidance in Dec., Zumiez (ZUMZ) shares shed 6.4% in AH trading following the company's announcement that, based on QTD trends, it is lowering revenue guidance to $226M-$229M (vs. the previous outlook of $230M-$237M and consensus of $235.1M) and EPS guidance to $0.56-$0.59 ($0.60-$0.66 and $0.69).

Following a 2.4% comps decrease in the 5-week period ended Jan. 4, the company now expects a "low single digit" comparable store sales decline during Q4. Revenue during the period, however, increased 4.2% Y/Y.

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