ZUMZ Stock Recent News

Zumiez easily beat estimates on the top and bottom lines in the second quarter. Comparable sales surged to start the third quarter.

LMB, ZUMZ and MHO made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on September 6, 2024.

Zumiez Inc. (NASDAQ:ZUMZ ) Q2 2024 Earnings Conference Call September 5, 2024 5:00 PM ET Company Participants Rick Brooks - CEO Chris Work - CFO Conference Call Participants Mitch Kummetz - Seaport Corey Tarlowe - Jefferies Richard Magnusen - B. Riley Dylan Carden - William Blair Operator Good afternoon, ladies and gentlemen, and welcome to the Zumiez Inc. Second Quarter Fiscal 2024 Earnings Conference Call.

Zumiez (ZUMZ) came out with a quarterly loss of $0.04 per share versus the Zacks Consensus Estimate of a loss of $0.33. This compares to loss of $0.44 per share a year ago.

Second Quarter Comparable Sales Increased 3.6% Second Quarter Gross Margin increased 250 basis points to 34.2% Second Quarter Loss Per share improved to ($0.04) from ($0.44) Third Quarter-to-date Comparable Sales up 12.1%

Zumiez (ZUMZ) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Zumiez (ZUMZ) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.

LYNNWOOD, Wash., Aug. 22, 2024 (GLOBE NEWSWIRE) -- Zumiez Inc. (NASDAQ: ZUMZ) today announced it will report fiscal 2024 second quarter results on Thursday, September 5, 2024, following the closing of regular stock market trading hours. The Company will hold a conference call that day at 5:00 p.m. ET to review the results.

Zumiez's (ZUMZ) customer-focused strategies and tech investments bolster its market position. Improved margins and positive North American trends set the stage for growth in fiscal 2024.

Zumiez had mixed 1Q24 results, with sales down but positive comps in North America and men's apparel. Despite operational losses, Zumiez is implementing good business strategies, like minimal promotions and organic branding efforts. The company's valuation suggests it may not be opportunistically priced, but could be a speculative Buy for more aggressive investors.