Zumiez Clocks 7.3% Revenue Growth In Q2

by Shivani Kumaresan, Benzinga Staff Writer

September 10, 2021 6:49 AM | 1 min read | Make a Comment

Zumiez Inc ZUMZ reported second-quarter FY21 sales growth of 7.3% year-on-year and 17.6% against Q2 FY19, to $268.7 million.
Gross profit for the quarter rose 15.5% Y/Y to $104.9 million, with the margin expanding 280 basis points to 39.1%.
The operating margin was 11.9%, and operating income for the quarter fell 3.5% to $31.9 million.
Zumiez held $412 million in cash and equivalents as of July 31, 2021.
Net cash provided by operating activities for the six months totaled $52.1 million.
EPS of $0.94 fell 6.9% Y/Y.
Zumiez's total third quarter-to-date total sales for the 37 days ending September 6, 2021, increased 23.2% Y/Y. Total comparable sales for the 37-day period were up 10.5%.
Zumiez noted operating conditions remain volatile.
Price Action: ZUMZ shares closed higher by 3.26% at $39.60 on Thursday.