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0 -0.00214209210996068 -0.00285612281328104 -0.00606926097822212 -0.00606926097822212 -0.0274901820778293 -0.032981078186362 -0.0305248125669404
Stock impact report

Zumiez upbeat results, Q3 outlook snaps 8-day losing streak [Seeking Alpha]

Zumiez Inc. (ZUMZ) 
Last zumiez inc. earnings: 3/12 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.zumiez.com/investor-relations
Company Research Source: Seeking Alpha
streak as the company reported a narrower than expected loss on an 8% increase in revenue. “We experienced a noticeable acceleration in our sales trend as the second quarter unfolded,” said CEO Rick Brooks, adding that as back-to-school sales are a good indicator for holiday demand in the past, “we are encouraged about our prospects for growth over the remainder of 2024.” For the quarter ended August 3, Zumiez ( ZUMZ ) reported a loss of $0.04 per share, narrowing from a loss of $0.44 per share a year ago and beating Wall Street's expectations by $0.29. Sales increased 8.1% to $210.2M while the company's gross profit margin expanded 250 basis points to 34.2%. Comparable sales increased 12.1%. At the end of the fiscal quarter, the company had cash and current marketable securities of $127M compared to $140M a year ago. The decrease was primarily driven by share repurchases and capital expenditures partially offset by cash flow from operations. For the current quarter, Zumiez ( Show less Read more
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