Overview
Zumiez Q3 net sales rise 7.5% yr/yr, beating analyst expectations
EPS increased to $0.55 from $0.06, aided by one-time tax benefits
Company repurchased 0.3 mln shares in Q3 at $18.61 per share
Outlook
Zumiez projects Q4 net sales between $291 mln and $296 mln
Company expects Q4 EPS of $0.97 to $1.07
Zumiez sees Q4 operating margins between 8.0% and 8.5%
Result Drivers
COMPARABLE SALES GROWTH - Zumiez attributes Q3 results to high-single digit comparable sales growth and strong full-price selling
NORTH AMERICAN SALES - North American comparable sales increased sharply, contributing to overall growth
ONE-TIME TAX BENEFITS - Zumiez's Q3 EPS was aided by one-time discrete tax items
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Sales
Beat
$239.13 mln
$233.54 mln (3 Analysts)
Q3 EPS
$0.55
Q3 Net Income
$9.16 mln
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the apparel & accessories retailers peer group is "buy."
Wall Street's median 12-month price target for Zumiez Inc is $18.00, about 35.1% below its December 3 closing price of $27.75
The stock recently traded at 44 times the next 12-month earnings vs. a P/E of 35 three months ago
Press Release: ID:nGNX1LgmGQ
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
