Zumiez Shares Scored: What You Need to Know (ZUMZ)

Zumiez Shares Scored: What You Need to Know

Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of sports apparel retailer Zumiez (Nasdaq: ZUMZ ) are scoring major gains, up as much as 26%, after the company reported third-quarter earnings yesterday.

So what: Third-quarter revenue jumped 13.3% to $154 million, while diluted earnings per share rose 12.5% to $0.45, topping the market's expectation of $0.42. Comparable store sales jumped 8.4% in November.

Now what: Fourth-quarter outlook also topped estimates, as the company expects comps to rise into the mid-range of the single digits, with sales of $174 million-$177 million. Zumiez expects earnings of $0.52-$0.54, compared to the estimate of $0.52. The retailer has opened all 45 stores it had planned for the year, including its first foray into Canada.

Interested in more info on Zumiez? Add it to your watchlist by clicking here.

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Fool contributor Evan Niu holds no position in any company mentioned. Click here to see his holdings and a short bio. Motley Fool newsletter services have recommended buying shares of Zumiez. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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