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Zumiez (ZUMZ) April Comps Gain, Stock Falls on Weak View
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Mall-based specialty retailer, Zumiez Inc. (ZUMZ - Free Report) seems to be on positive track with respect to comparable sales (comps) and sales data. The company recorded a 7.8% rise in comps for the four-week period ended Apr 29, 2017 as against a 6% decline witnessed in the four weeks ended Apr 30, 2016. This marks the company’s second straight month of comps growth after a dip in February.
Further, net sales for the same period (Apr 2017) grew 10.3% to $56.5 million from $51.2 million in the year-ago period.
However, due to higher-than-expected tax rate, the company now anticipates bottom-line results for first-quarter fiscal 2017 to be at the lower end of its previous projection of net loss per share of 17–21 cents.
Owing to the unfavorable guidance, the company’s shares dipped nearly 1.1% during the after-market trading hours yesterday. Overall, the shares of Zumiez have underperformed the Zacks categorized Retail – Apparel/Shoe industry on a year-to-date basis. This Zacks Rank #4 (Sell) stock has dipped 15.1%, while industry witnessed a decline of 7.3%.
The decline can primarily be attributed to the dismal first-quarter fiscal 2017 outlook provided during fourth-quarter fiscal 2017 earnings release. The drab first-quarter view mainly stems for the current challenging retail environment due to sluggish mall traffic, volatile consumer spending and macroeconomic volatility.
Nevertheless, Zumiez remains on track with cost-control efforts and multi-year growth targets, which are aimed at generating greater profits and shareholder-value in the long run. Further, the company’s strategic initiatives, focus on omni-channel growth, authentic lifestyle positioning and commitment to customer service position it to gain market share in the long term.
Apart from Zumiez, Costco Wholesale Corporation (COST - Free Report) came up with April comps results. Comps for the four-week period ended Apr 30, 2017 increased 3%.
Children's Place has an average positive earnings surprise of 39% in the trailing four quarters. The stock, with a long-term EPS growth rate of 8%, has seen positive estimate revisions in the last 60 days.
Build-A-Bear, with long-term EPS growth rate of 22.5%, has an average positive earnings surprise of 67.5% in the trailing four quarters.
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Zumiez (ZUMZ) April Comps Gain, Stock Falls on Weak View
Mall-based specialty retailer, Zumiez Inc. (ZUMZ - Free Report) seems to be on positive track with respect to comparable sales (comps) and sales data. The company recorded a 7.8% rise in comps for the four-week period ended Apr 29, 2017 as against a 6% decline witnessed in the four weeks ended Apr 30, 2016. This marks the company’s second straight month of comps growth after a dip in February.
Further, net sales for the same period (Apr 2017) grew 10.3% to $56.5 million from $51.2 million in the year-ago period.
However, due to higher-than-expected tax rate, the company now anticipates bottom-line results for first-quarter fiscal 2017 to be at the lower end of its previous projection of net loss per share of 17–21 cents.
Owing to the unfavorable guidance, the company’s shares dipped nearly 1.1% during the after-market trading hours yesterday. Overall, the shares of Zumiez have underperformed the Zacks categorized Retail – Apparel/Shoe industry on a year-to-date basis. This Zacks Rank #4 (Sell) stock has dipped 15.1%, while industry witnessed a decline of 7.3%.
The decline can primarily be attributed to the dismal first-quarter fiscal 2017 outlook provided during fourth-quarter fiscal 2017 earnings release. The drab first-quarter view mainly stems for the current challenging retail environment due to sluggish mall traffic, volatile consumer spending and macroeconomic volatility.
Nevertheless, Zumiez remains on track with cost-control efforts and multi-year growth targets, which are aimed at generating greater profits and shareholder-value in the long run. Further, the company’s strategic initiatives, focus on omni-channel growth, authentic lifestyle positioning and commitment to customer service position it to gain market share in the long term.
Apart from Zumiez, Costco Wholesale Corporation (COST - Free Report) came up with April comps results. Comps for the four-week period ended Apr 30, 2017 increased 3%.
Stocks You May Consider
Better-ranked stocks include The Children's Place Inc. (PLCE - Free Report) and Build-A-Bear Workshop Inc. (BBW - Free Report) , both sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Children's Place has an average positive earnings surprise of 39% in the trailing four quarters. The stock, with a long-term EPS growth rate of 8%, has seen positive estimate revisions in the last 60 days.
Build-A-Bear, with long-term EPS growth rate of 22.5%, has an average positive earnings surprise of 67.5% in the trailing four quarters.
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
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