The 10-second takeaway
For the quarter ended Feb. 2 (Q4), Zumiez met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue increased significantly. Non-GAAP earnings per share grew significantly. GAAP earnings per share grew significantly.
Gross margins dropped, operating margins shrank, net margins were steady.
Zumiez tallied revenue of $224.4 million. The 17 analysts polled by S&P Capital IQ anticipated revenue of $223.9 million on the same basis. GAAP reported sales were 22% higher than the prior-year quarter's $183.9 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.75. The 19 earnings estimates compiled by S&P Capital IQ forecast $0.73 per share. Non-GAAP EPS of $0.75 for Q4 were 25% higher than the prior-year quarter's $0.60 per share. GAAP EPS of $0.74 for Q4 were 23% higher than the prior-year quarter's $0.60 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 38.2%, 30 basis points worse than the prior-year quarter. Operating margin was 16.1%, 100 basis points worse than the prior-year quarter. Net margin was 10.2%, much about the same as the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $143.8 million. On the bottom line, the average EPS estimate is $0.10.
Next year's average estimate for revenue is $739.7 million. The average EPS estimate is $1.63.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 710 members out of 768 rating the stock outperform, and 58 members rating it underperform. Among 254 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 242 give Zumiez a green thumbs-up, and 12 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Zumiez is hold, with an average price target of $24.67.
Is Zumiez the right retailer for your portfolio? Learn how to maximize your investment income and "Secure Your Future With 9 Rock-Solid Dividend Stocks," including one above-average retailing powerhouse. Click here for instant access to this free report.
- Add Zumiez to My Watchlist.