Zumiez, Inc. (ZUMZ)
by Zacks Equity ResearchApril 05, 2012 | Comments : 0 Recommended this article: (0)
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During the period, operating margin expanded 160 basis points to 17% due to leveraged selling, general and administrative expenses. Anticipating momentum to continue in fiscal 2012, management expects first quarter net income in the range of $0.06 to $0.08 per share on the back of high-single digit growth in comparable sales.
Further, Zumiez's niche focus on teenage action-sport based merchandise, commitment toward store expansion, and a healthy balance sheet augur well for future operating performance. Currently, we are maintaining a long-term Outperform recommendation on the stock.
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