Dec. 4 at 9:23 PM
$ZUMZ
🚨
Diluted EPS:
$0.55 (vs.
$0.06 a year ago)
Net Sales:
$239.1 million (an increase of 7.5% from
$222.5 million last year)
Comparable Sales: Increased by 7.6%, driven by a 10.0% rise in North America.
Gross Profit Margin: Improved to 37.6% from 35.2% in the prior year quarter.
The company's performance was strong, with CEO Rick Brooks noting it was their "best third quarter in several years". The positive results were attributed to high single-digit comparable sales growth, strong full-price selling, and effective expense management.
For the fourth quarter, Zumiez projects net sales to be between
$291 and
$296 million. Fourth-quarter-to-date comparable sales are up 6.6%, suggesting continued sales momentum into the holiday season.