Zumiez Inc (ZUMZ) released its first quarter results on Friday, June 4, 2021. The company reported net earnings of $1.03 per share for the first quarter ending April 30, 2021. Earnings for this past quarter were up 222 percent compared to the same period a year ago.
Zumiez Inc. was founded in 1978 and is headquartered in Lynnwood, Washington. Zumiez Inc., together with its subsidiaries, operates as a specialty retailer of apparel, footwear, accessories, and hardgoods for young men and women. Its hardgoods include skateboards, snowboards, bindings, components, and other equipment.
Zumiez's revenue increased 18 percent over the past trailing twelve-month period versus the previous twelve-month period. Gross margins increased to 39.08% for the first quarter compared to the same period in the previous year, and operating margins increased to 12.28% over the same period. Net earnings for past trailing twelve months were $123.71 million, up 175% from the prior year.
Moving on to the balance sheet, Zumiez's cash levels jumped 28% for the first quarter over the same period last year. Overall liquidity of the balance sheet, as measured by the current ratio, increased 22.52% this past year. The current ratio for Zumiez now stands at 2.93. The company increased shares outstanding by 1.37%.
Shares of ZUMZ are currently trading around $47.30. In terms of valuation, the stock is trading at a trailing twelve-month price to earnings ratio of 9.7 and price to book ratio of 2.09.
This article was written by Value Investing News (https://www.valueinvestingnews.com) on Saturday, June 5, 2021.