Zumiez, Inc. (ZUMZ) Tops Q3 EPS by 40c, Revenues Beat

Zumiez, Inc. (NASDAQ: ZUMZ) reported Q3 EPS of $1.16, $0.40 better than the analyst estimate of $0.76. Revenue for the quarter came in at $271 million versus the consensus estimate of $246.2 million.

• Third Quarter 2020 Sales Increased 2.6% to $271.0 Million
• Third Quarter 2020 Diluted Earnings Per Share Increased 54.7% to $1.16
• Cash and Current Marketable Securities Increased 77.0% to $316.2 Million

Rick Brooks, Chief Executive Officer of Zumiez Inc., stated, “We once again successfully navigated volatile market conditions and drove strong earnings growth. Following a challenging start to the third quarter due to the delayed start to back to school, sales were positive in both September and October as we capitalized on late season demand. Our performance in 2020 is a testament to the resiliency of our people and their commitment to serving our customers, the strong culture and brand loyalty we’ve fostered over many years, and the ability of our business model to adapt to changes in purchasing behavior. While there is still uncertainty around how the remainder of the holiday season will unfold, we believe we are positioned well to meet the customer’s expectations and drive value for the long-term.”

For earnings history and earnings-related data on Zumiez, Inc. (ZUMZ) click here.

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