ZUMZ Q3 results reflect strong North America sales with 2.9% growth and positive comps. However, international performance lags.
Zumiez Inc. reported strong 3Q24 comps, up 7.5%, with North America leading at 10.5%, and expects 6-7.5% growth in Q4. Positive comps are driven by easier year-over-year comparisons, economic recovery, and company-specific actions like improved assortments and new products. Despite operational leverage and potential for MSD growth, the stock offers a moderate return of 7.5-11.8%, leading to a Hold rating.
Zumiez Inc. (NASDAQ:ZUMZ ) Q3 2024 Earnings Conference Call December 5, 2024 5:00 PM ET Company Participants Rick Brooks - Chief Executive Officer Chris Work - Chief Financial Officer Conference Call Participants Mitch Kummetz - Seaport Richard Magnusen - B. Riley Corey Tarlowe - Jefferies Operator Good afternoon, ladies and gentlemen.
Zumiez (ZUMZ) came out with quarterly earnings of $0.06 per share, beating the Zacks Consensus Estimate of $0.03 per share. This compares to loss of $0.12 per share a year ago.
ZUMZ's focus on customer-centric growth, strategic global expansion and technology investments positions it for improved profitability and steady sales growth.
ZUMZ's strategic initiatives, including cost optimization and productivity improvements, highlight its potential for long-term growth in the competitive landscape.
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Zumiez demonstrates solid technical performance, effective cost management and growth in private label offerings, positioning it for steady growth.
ZUMZ offers an attractive investment opportunity with its strong financial performance, strategic focus on private label growth and operational efficiency.
Zumiez (ZUMZ) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
ZUMZ's fiscal Q2 results are aided by a strong North America business, reflecting comps growth in June and July, particularly driven by the onset of the back-to-school season.
Zumiez easily beat estimates on the top and bottom lines in the second quarter. Comparable sales surged to start the third quarter.