Zumiez Inc Intrinsic Value Calculation – ZUMIEZ INC Reports 11.6% Decrease in Q2 Revenue for FY2024
September 13, 2023
🌥️Earnings Overview
ZUMIEZ INC ($NASDAQ:ZUMZ) reported their fiscal year 2024 second quarter earnings results on September 7 2023. Total revenue for the quarter, ending July 31 2023, was USD 194.4 million, a decrease of 11.6 % year-over-year. Furthermore, net income for the quarter was USD -8.5 million, compared to 3.1 million in the same quarter of the previous year.
Analysis – Zumiez Inc Intrinsic Value Calculation
GoodWhale conducted an analysis of ZUMIEZ INC‘s wellbeing and determined its fair value to be around $31.0 dollars per share. This assessment was based on our proprietary Valuation Line which takes into account the financial health of the company, its future prospects, and current market conditions. Currently, ZUMIEZ INC’s stock is trading at $18.7 per share, which means that it is undervalued by 39.7%. This presents an opportunity for investors to buy the stock at a lower price than its true worth. We believe that ZUMIEZ INC’s stock is a good long-term investment for those looking to diversify their portfolio. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Zumiez Inc. More…
| Total Revenues | Net Income | Net Margin |
| 895.03 | -8.53 | -1.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Zumiez Inc. More…
| Operations | Investing | Financing |
| -0.49 | -2.96 | 0.6 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Zumiez Inc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 745.83 | 360.41 | 19.49 |
Key Ratios Snapshot
Some of the financial key ratios for Zumiez Inc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -3.0% | -28.7% | -0.7% |
| FCF Margin | ROE | ROA |
| -3.1% | -1.0% | -0.5% |
Peers
Zumiez Inc is a company that competes with other companies in the retail industry. Zumiez Inc’s competitors include J.Jill Inc, Destination XL Group Inc, Hibbett Inc.
– J.Jill Inc ($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 looking to add ZUMIEZ INC to their portfolios should be aware of the company’s recent Q2 earnings results. For the quarter ending July 31 2023, total revenue decreased by 11.6% from the same quarter in the previous year, amounting to USD 194.4 million. Net income for the quarter was a deficit of USD -8.5 million, compared to last year’s net earnings of USD 3.1 million. Although these results may be discouraging to some investors, other factors such as future growth and potential returns should be taken into account when considering an investment in the company.
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