$ZUMZ Post Earnings Research Report

LONDON, UK / January 03, 2018 / Active-Investors.com has just released a free earnings report on Zumiez Inc. (NASDAQ: ZUMZ). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=ZUMZ. The Company released its financial results on November 30, 2017, for the third quarter of the fiscal year 2017. The Lynnwood, Washington-based Company posted a growth of 11.0% in net sales during the reported quarter, outperforming market expectations.Register today and get access to over 1000 Free Research Reports by joining our site below:

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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Zumiez most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/?symbol=ZUMZ

Earnings Highlights and Summary

Zumiez reported net sales of $245.76 million in Q3 FY17, which came in above the $221.39 million reported in the prior year’s same quarter. The Company’s net sales numbers beat market forecasts of $242.9 million. The Company recorded comparable sales growth of 7.9% during Q3 FY17, versus a 4.0% comparable sales growth in Q3 FY16.

The clothing retailer reported a net income of $11.92 million, or $0.48 per diluted share, in Q3 FY17 compared to $10.70 million, or $0.43 per diluted share, in Q3 FY16. Moreover, Wall Street had also expected the Company to report a net income of $0.48 per diluted share.

As on November 25, 2017, the Company operated 699 stores, with 608 stores in the United States, 51 stores in Canada, 33 stores in Europe, and 7 stores in Australia.

Operating Metrics

In Q3 FY17, Zumiez spent $162.39 million of cost of goods sold versus $145.21 million in the last year’s comparable quarter. The Company’s gross profit grew to $83.37 million in Q3 FY17 from $76.18 million in Q3 FY16, whereas gross margin was 33.9% during the reported quarter versus 34.4% in Q3 FY16. The Company incurred selling, general, and administrative expenses (SG&A) of $64.56 million in Q3 FY17 compared to $59.27 million in Q3 FY16. The Company’s operating profit increased to $18.81 million during the reported quarter from $16.91 million in Q3 FY16, while its operating margin improved to 7.7% in Q3 FY17 from 7.6% in Q3 FY16.

Cash Flow and Balance Sheet

In the nine months ended October 28, 2017, the Company’s net cash provided by operating activities was $13.87 million compared to $3.98 million in the first quarters of FY16. As on October 28, 2017, the Company had $10.66 million in cash and cash equivalents compared to $18.00 million as on October 29, 2016. Furthermore, inventories stood at $156.99 million as on October 28, 2017, versus $150.62 million as on October 29, 2016.

Earnings Outlook

In its guidance for Q4 FY17, Zumiez’s management expects net sales to be in the range of $291 million to $297 million, while net income per diluted share is forecasted to be approximately $0.78 to $0.84 with comparable sales growth between 3% and 5%. Furthermore, the Company stated that it was on track on inaugurating 19 new stores in FY17, with up to 3 stores in Canada, 5 stores in Europe, and 2 stores in Australia.

Stock Performance Snapshot

January 02, 2018 – At Tuesday’s closing bell, Zumiez’s stock declined 3.96%, ending the trading session at $20.00.

Volume traded for the day: 753.49 thousand shares, which was above the 3-month average volume of 468.87 thousand shares.

Stock performance in the last three-month – up 7.82%; and previous six-month period – up 58.10%

After yesterday’s close, Zumiez’s market cap was at $514.00 million.

Price to Earnings (P/E) ratio was at 19.76.

The stock is part of the Services sector, categorized under the Specialty Retail, Other industry. This sector was up 1.7% at the end of the session.

 

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