Zumiez Inc. Announces Fiscal 2024 Third Quarter Results
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Zumiez Inc. reported strong fiscal 2024 third quarter results with a 7.5% increase in comparable sales, a 140 basis point rise in gross margin to 35.2%, and an improvement in earnings per share to $0.06 from a loss of $0.12. The company also provided positive guidance for the fourth quarter, expecting comparable sales to rise by 6.0% to 7.5%.
December 05, 2024 | 9:30 pm
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Zumiez Inc. reported a 7.5% increase in Q3 comparable sales, a 140 basis point rise in gross margin, and improved EPS to $0.06. The company expects Q4 sales to grow by 6.0% to 7.5%.
The strong Q3 results and positive Q4 guidance suggest a favorable outlook for Zumiez, likely boosting investor confidence and positively impacting the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100