Zumiez beats the competition again

Zumiez reported a robust start to the holiday shopping season Thursday afternoon, and released strong third quarter earnings. We have a summary of results.
Published: May 13, 2013

 

Important industry customer Zumiez said this afternoon that November same store sales increased 8.4%, significantly better than the 3.1% consensus increase predicted by stock analysts.

 

The strong November is a good indicator that Zumiez will have a good holiday season on top of a robust back-to-school period.

 

The company also released third quarter earnings. Here’s a quick summary of the results:

 

Net sales: up 13.3% to $154 million

 

Same store sales: up 6% vs. a 14.4% increase the same period last year

 

Net income: up 14.8% to $14.1 million.

 

Strategy & Planning Series
Strategy & Planning Series
Strategy & Planning Series
Strategy & Planning Series