Zumiez's (ZUMZ) Q4 Earnings & Sales Top Estimates, Comps Solid
Zacks Investment Research | Mar 12, 2020 09:47PM ET
Zumiez Inc. (NASDAQ:ZUMZ) reported robust fourth-quarter fiscal 2019 results. While the company’s earnings surpassed the Zacks Consensus Estimate for the eighth straight quarter, revenues outpaced the consensus mark for the fourth consecutive quarter. Also, both the top and the bottom line grew year over year. It also delivered the 14th successive quarter of positive comparable sales (comps).
Impressively, Zumiez delivered its fourth straight successful holiday quarter, ending fiscal 2019 with sales exceeding $1 billion. Also, this Zacks Rank #2 (Buy) company delivered the highest earnings per share of $2.62 in fiscal 2019. Management noted that the company saw a solid start to first-quarter fiscal 2020.
Q4 Highlights
Zumiez reported earnings of $1.48 per share, which surpassed the Zacks Consensus Estimate of $1.36. Also, the bottom line increased 25.4% from $1.18 reported in the prior-year quarter. Notably, higher sales and margin expansion were the primary reasons for the bottom-line growth in the reported quarter.
Zumiez Inc. Price, Consensus and EPS Surprise
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