Zumiez, Inc. (NASDAQ: ZUMZ) reported Q4 EPS of $1.48, $0.12 better than the analyst estimate of $1.36. Revenue for the quarter came in at $328.8 million versus the consensus estimate of $325.19 million.

Rick Brooks, Chief Executive Officer of Zumiez Inc., stated, “Our strong fourth quarter and full year performance underscores the power of our business model. Through our unwavering commitment to providing best-in-class service and great product to our customers, we have generated 14 consecutive quarters of positive comparable sales gains. Our success in progressively increasing sales with double digit growth in profitability in recent years has been driven by the disciplined execution of our merchandising strategies, investments in people and technology, the benefits of our localized fulfillment structure, and the implementation of numerous efficiency and cost saving initiatives.

While the first quarter is off to a good start, these are challenging times with a high degree of uncertainty driven by the pandemic. However, with over $250 million in cash and short term investments and no debt on our balance sheet, we are well positioned to navigate this environment. With respect to Coronavirus, our focus is first and foremost on the safety of our customers and employees. We are monitoring this fluid situation and intend to remain flexible and agile in adjusting inventory, expense and capital allocation plans accordingly.”

GUIDANCE:

Zumiez, Inc. sees Q1 2020 EPS of $0.01-$0.07, versus the consensus of $0.08. Zumiez, Inc. sees Q1 2020 revenue of $219-223 million, versus the consensus of $221.85 million.

• The Company is introducing guidance for the three months ending May 2, 2020. Net sales are projected to be in the range of $219 to $223 million including anticipated comparable sales growth of between 2.0% and 4.0%. Consolidated operating margins are expected to between 0.4% and 1.3% resulting in net income per diluted share of approximately $0.01 to $0.07. This guidance does not take into account some of the macro factors going on globally including the impact of the Coronavirus.
• The Company currently intends to open approximately 20 new stores in fiscal 2020, including up to 8 stores in North America, 8 stores in Europe and 4 stores in Australia.

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