Zumiez Inc (ZUMZ) said after close Thursday that it earned $0.4 per share in quarter four 2023. The company reported earnings on an adjusted basis, so it may not be directly comparable to analyst estimates or prior periods.
On the revenue line, the company reported $281.8 million, beating estimates by $6 million.
In the same quarter a year ago, the company earned $0.59 per share on revenue of $280.1 million.
The stock is down 8.72% to $13.45 after the report.
Despite revenues increasing, earnings decreased, signaling a decline in profit margins.
Wall Street Analysts had an average rating of Hold on the stock prior to the report.
Trading in the five days leading up to the report earned Zumiez Inc a Bearish Sentiment Rank from InvestorsObserver.
Zumiez Inc has performed poorly during the past few months, garnering a low Long-Term Technical Rank by InvestorsObserver of 13, putting Zumiez Inc in the bottom 25% of stocks. The firm set a 52-week high on December 4, 2023 at $21.49 and set a 52-week low on June 5, 2023 at $13.19.
Zumiez Inc is a United-States-based specialty retailer engaged in the sale of apparel, footwear, accessories, and hardgoods. The company provides merchandise with cultural elements coming from fashion, music, art and from action sports, streetwear, and other unique lifestyles. The company operates under the brands Zumiez and Blue Tomato, and through both physical stores and websites. Most of the company's stores are located in the U.S., with the rest in Canada, Australia, and Europe. The U.S. market contributes to the majority of the company's revenue.
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Zumiez Inc Down 8.72% To $13.45 After Earnings Beat
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