Jefferies Raises Price Target on Zumiez, Inc. (ZUMZ) to $23 Following 3Q
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Zumiez Inc. Announces Fiscal 2016 Third Quarter Results
December 1, 2016 4:05 PM ESTLYNNWOOD, WA -- (Marketwired) -- 12/01/16 -- Zumiez Inc. (NASDAQ: ZUMZ), a leading lifestyle retailer of apparel, footwear, equipment and accessories, today reported results for the third quarter ended October 29, 2016.
Total net sales for the third quarter ended October 29, 2016 (13 weeks) increased 8.4% to $221.4 million from $204.3 million in the quarter ended October 31, 2015 (13 weeks). Comparable sales for the thirteen weeks ended October 29, 2016 increased 4.0% compared to a comparable sales decrease of 7.3% for the thirteen weeks ended October 31, 2015. Net income for the third quarter of fiscal 2016 increased to $10.7 million, or $0.43 per diluted share, compared to net income of $9.7... More
