Zumiez lowers full-year outlook; shares fall

The company now expects earnings between 80 cents and 82 cents per share, down from a prior estimate of 90 cents to 93 cents per share.

Analysts polled by Thomson Reuters, on average, anticipate full-year earnings of 89 cents per share.

The retailer's guidance assumes a low to mid single digit decline in same-store sales for the second half of the fiscal year. Same-store sales, or sales at stores open at least a year, is a key indicator of retailer performance since it measures growth at existing stores rather than newly opened ones.

"The macro environment remains challenging and retailers are becoming increasingly promotional," said Rick Brooks, president and chief executive, in a statement. "Therefore, we believe it is prudent to adopt a more conservative outlook for the back half of the year."

Zumiez shares lost 9 cents to close at $13.19. In aftermarket activity, shares fell 74 cents, or 5.6 percent, to $12.45. Shares have traded between $11.80 and $53.99 in the past 12 months.