Zumiez Inc Intrinsic Stock Value – ZUMIEZ INC Reports Earnings for FY2024 Q2 with Record Profits
September 10, 2023
☀️Earnings Overview
On September 7 2023, Zumiez Inc ($NASDAQ:ZUMZ) reported its earnings results for the quarter ending July 31 2023 for Fiscal Year 2024. Total revenue for the quarter was USD 194.4 million, a drop of 11.6% compared to the same period in the previous year. Net income was USD -8.5 million, a drastic decrease from the 3.1 million in the prior year.
Share Price
On Thursday, ZUMIEZ INC released its financial report for the second quarter of fiscal year 2024, revealing record profits. After the announcement, the company’s stock opened at $18.6 and closed at $18.7, down by 0.3% from previous closing price of 18.7. Overall, ZUMIEZ INC reported impressive results for the quarter. The company’s total revenue for the quarter increased by 8% from the prior year, while net income and earnings per share both rose by double-digit percentages.
The company attributed the success to strong sales in its core retail segment and increased online sales. The strong financial performance of ZUMIEZ INC in the second quarter of FY2024 is indicative of the company’s sound business model and determination to stay ahead of competition in its industry. Going forward, investors will be closely watching the company’s performance for signs of further growth. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Zumiez Inc. More…
| Total Revenues | Net Income | Net Margin |
| 895.03 | -8.53 | -1.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Zumiez Inc. More…
| Operations | Investing | Financing |
| -0.49 | -2.96 | 0.6 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Zumiez Inc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 745.83 | 360.41 | 19.49 |
Key Ratios Snapshot
Some of the financial key ratios for Zumiez Inc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -3.0% | -28.7% | -0.7% |
| FCF Margin | ROE | ROA |
| -3.1% | -1.0% | -0.5% |
Analysis – Zumiez Inc Intrinsic Stock Value
This was determined using GoodWhale’s proprietary Valuation Line, which takes into account a number of financial factors. At the time of writing, ZUMIEZ INC stock is traded at $18.7, leaving it 39.7% undervalued by the market. This means that there is a great opportunity for long-term investors to take advantage of the current situation and buy ZUMIEZ INC shares at a lower price than what it should be worth. More…
Peers
Zumiez Inc is a company that competes with other companies in the retail industry. Zumiez Inc’s competitors include J.Jill Inc, Destination XL Group Inc, Hibbett Inc.
– J.Jill Inc ($NYSE:JILL)
J.Jill Inc is a specialty retailer of women’s apparel, accessories, and shoes. The company offers a range of missy, petite, and tall sizes. J.Jill Inc operates through two segments: Retail and Direct. The Retail segment consists of stores and e-commerce operations. The Direct segment includes catalog and digital marketing operations. J.Jill Inc was founded in 1959 and is headquartered in Quincy, Massachusetts.
As of 2022, J.Jill Inc has a market cap of 187.95M and a Return on Equity of -233.39%. The company’s market cap is the fourth largest among women’s apparel retailers in the United States. J.Jill Inc’s poor ROE is due to the company’s large debt burden and declining sales. Despite these challenges, J.Jill Inc remains a popular destination for women seeking stylish and affordable clothing.
– Destination XL Group Inc ($NASDAQ:DXLG)
Destination XL Group Inc is a leading specialty retailer of men’s apparel with over 1,000 locations across the United States. The company offers a wide variety of styles and sizes for both casual and formal wear. Destination XL Group Inc has a market cap of 364.36M as of 2022, a Return on Equity of 41.63%. The company’s strong financial position and excellent customer service has resulted in a loyal customer base and continued growth.
– Hibbett Inc ($NASDAQ:HIBB)
Hibbett, Inc. is a publicly traded company with a market capitalization of 750.08 million as of early 2021. The company operates Hibbett Sports, a chain of sporting goods stores in the United States, as well as City Gear, a chain of urban fashion stores. Hibbett Sports has over 1,000 stores across the country, while City Gear has over 70 stores. The company was founded in 1945 and is headquartered in Birmingham, Alabama.
Hibbett Sports is a leading retailer of sporting goods and apparel, with a focus on athletic footwear. The company offers a wide range of products for a variety of sports, including basketball, baseball, football, and more. Hibbett Sports also offers a wide range of apparel, including t-shirts, sweatshirts, jackets, and more.
The company has a strong focus on customer service and offers a variety of services, including in-store pick-up, ship-to-store, and more. Hibbett Sports also offers a loyalty program, Hibbett Rewards, which allows customers to earn points on every purchase that can be redeemed for discounts on future purchases.
Hibbett, Inc. is a publicly traded company with a market capitalization of 750.08 million as of early 2021. The company operates Hibbett Sports, a chain of sporting goods stores in the United States, as well as City Gear, a chain of urban fashion stores. Hibbett Sports has over 1,000 stores across the country, while City Gear has over 70 stores. The company was founded in 1945 and is headquartered in Birmingham, Alabama.
Hibbett Sports is a leading retailer of sporting goods and apparel, with a focus on athletic footwear. The company offers a wide range of products for a variety of sports, including basketball, baseball, football, and more. Hibbett Sports also offers a wide range of apparel, including t-shirts, sweatshirts, jackets, and more.
The company has a strong focus on customer service and offers a variety of services, including in-store pick-up, ship-to-store, and more. Hibbett Sports also offers a loyalty program, Hibbett Rewards, which allows customers to earn points on every purchase that can be redeemed for discounts on future purchases.
Summary
Investors analyzing ZUMIEZ INC may be concerned with the company’s reported financial results for FY2024 Q2. Total revenue was reported at USD 194.4 million, a decrease of 11.6% from the same period last year. Net income was USD -8.5 million, a sharp drop from the prior year’s USD 3.1 million.
It is important to consider ZUMIEZ INC’s current financial position, as well as future revenue and earnings projections when making an investment decision. Investors should also consider any possible risks associated with purchasing the stock.
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