Zumiez Stock Impresses for Third-Straight Quarterly Report

ZUMZ reported its fourth-quarter earnings on March 11

Mar 31, 2021 at 12:29 PM
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Zumiez Inc. (NASDAQ:ZUMZ) is an American multinational clothing store specialty retailer. Earlier in the month of March, Zumiez reported its fourth-quarter earnings and full 2020 financial results. The retailer reported a 0.8% total net sales increase, up to $331.5 million. Comparable sales also increased 4.7%, and net income for the fourth quarter was $42.8 million, or $1.68 per diluted share. Zumiez total net sales for fiscal 2020 decreased 4.2% to $990.7 million. 

In recent earnings history, Zumiez has outperformed earnings expectations from Wall Street on three of its last four reports. For the first quarter of 2020, Zumiez missed analyst estimates by a margin of $0.30 and reported an earnings per share (EPS) of -$0.84. For the second quarter of 2020, Zumiez increased its EPS massively to $1.01 and beat expectations by a margin of $0.68.For the third quarter of 2020, the security saw another increase in earnings, rising to $1.16 per share. The company also beat estimates by a margin of $0.40. As previously mentioned, Zumiez reported an EPS of $1.68 and beat expectations by $0.05 in the most recent quarterly earnings report on March 11.

ZUMZ is up 150% year-over-year andhas grown over 200% since hitting its April 2020 bottom of $13.75. In addition, Zumiez stock price has increased 21% year-to-date. Shares of ZUMZ are currently down approximately 12% from their March 9 high of $49.23 and are trading at a price-earnings ratio of 14.45. At last check, ZUMZ was flat at $43.32.


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