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Zumiez (ZUMZ)

Zumiez is a leading specialty retailer of apparel, footwear, accessories and hardgoods for young men and women who want to express their individuality through the fashion, music, art and culture of action sports, streetwear, and other unique lifestyles. As of January 11, 2021 we operated 728 stores, including 608 in the United States, 52 in Canada, 55 in Europe and 13 in Australia. We operate under the names Zumiez, Blue Tomato and Fast Times.

Company profile

Ticker
ZUMZ
Exchange
Website
CEO
Richard Brooks
Employees
Incorporated
Location
Fiscal year end
SEC CIK
Subsidiaries
Zumiez Nevada, LLC • ZIC, LLC • ZIC II, LLC • Zumiez International, LLC • Zumiez Services Inc. • Zumiez Distribution LLC • Zumiez Canada Holdings Inc. • Zumiez Europe Holding GmbH • Blue Tomato Schweiz GmbH • Zumiez Austria Holding GmbH ...
IRS number
911040022

ZUMZ stock data

Analyst ratings and price targets

Last 3 months

Calendar

8 Sep 22
1 Oct 22
29 Jan 23
Quarter (USD) Jul 22 Apr 22 Jan 22 Oct 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Jan 22 Jan 21 Jan 20 Feb 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 65.67M 65.67M 65.67M 65.67M 65.67M 65.67M
Cash burn (monthly) 1.16M 1.3M (no burn) (no burn) (no burn) (no burn)
Cash used (since last report) 2.39M 2.68M n/a n/a n/a n/a
Cash remaining 63.28M 62.99M n/a n/a n/a n/a
Runway (months of cash) 54.4 48.4 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
15 Jun 22 Ellis Adam Christopher Common Stock Payment of exercise Dispose F No No 28.72 944 27.11K 21,083
15 Jun 22 Ellis Adam Christopher Common Stock Option exercise Acquire M No No 0 3,875 0 22,027
15 Jun 22 Ellis Adam Christopher RSU Common Stock Option exercise Dispose M No No 0 3,875 0 4,533
15 Jun 22 Brown Troy R. Common Stock Payment of exercise Dispose F No No 28.72 2,266 65.08K 73,408
1 Jun 22 Smith Travis Common Stock Grant Acquire A No No 0 2,729 0 24,069
1 Jun 22 Valletta Liliana Gil Common Stock Grant Acquire A No No 0 2,729 0 8,030
1 Jun 22 Bailey Scott Andrew Common Stock Grant Acquire A No No 0 2,729 0 7,816
11.2% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 153 168 -8.9%
Opened positions 16 16
Closed positions 31 37 -16.2%
Increased positions 49 48 +2.1%
Reduced positions 69 74 -6.8%
13F shares Current Prev Q Change
Total value 437.16M 673.74M -35.1%
Total shares 16.81M 17.61M -4.6%
Total puts 10.6K 20.7K -48.8%
Total calls 0 45.8K EXIT
Total put/call ratio Infinity 0.5 +Infinity%
Largest owners Shares Value Change
BLK Blackrock 2.87M $74.51M -14.2%
Vanguard 1.76M $45.84M -18.4%
Dimensional Fund Advisors 1.65M $42.82M -1.9%
Massachusetts Financial Services 1.31M $34.15M +2.5%
Thrivent Financial For Lutherans 950.88K $24.72M +22.2%
STT State Street 779.24K $20.26M -1.9%
Fort Washington Investment Advisors 368.67K $9.59M +1.3%
JPM JPMorgan Chase & Co. 337.59K $8.78M -0.1%
Geode Capital Management 306.06K $7.96M -16.1%
Renaissance Technologies 302.01K $7.85M +134.9%
Largest transactions Shares Bought/sold Change
BLK Blackrock 2.87M -474.53K -14.2%
Vanguard 1.76M -396.86K -18.4%
Fuller & Thaler Asset Management 300.4K -346.39K -53.6%
Renaissance Technologies 302.01K +173.42K +134.9%
Thrivent Financial For Lutherans 950.88K +172.97K +22.2%
Arrowstreet Capital, Limited Partnership 126.02K +126.02K NEW
Nuveen Asset Management 105.7K -108.23K -50.6%
Divisar Capital Management 93.62K +93.62K NEW
D. E. Shaw & Co. 84.86K +77.79K +1100.9%
Parametric Portfolio Associates 0 -66.93K EXIT

Financial report summary

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Competition
BuckleTillys
Risks
  • Failure to anticipate, identify and respond to changing fashion trends, customer preferences and other fashion-related factors could have a material adverse effect on us.
  • We may be unable to compete favorably in the highly competitive retail industry, and if we lose customers to our competitors, our sales could decrease.
  • Most of our merchandise is produced by foreign manufacturers; therefore, the availability, quality and costs of our merchandise may be negatively affected by risks associated with international trade and other international conditions.
  • Failure to successfully integrate any businesses that we acquire could have an adverse impact on our results of operations and financial performance.
  • Our sales and inventory levels fluctuate on a seasonal basis. Accordingly, our quarterly results of operations are volatile and may fluctuate significantly.
  • If our information systems fail to function effectively, or do not scale to keep pace with our planned growth, our operations could be disrupted and our financial results could be harmed.
  • Significant fluctuations and volatility in the cost of raw materials, global labor, shipping and other costs related to the production of our merchandise may have a material adverse effect on our business, results of operations and financial conditions.
  • Fluctuations in foreign currency exchange rates could impact our financial condition and results of operations.
  • Our business could suffer if a manufacturer fails to use acceptable labor and environmental practices.
  • If we fail to develop and maintain good relationships with vendors, or if a vendor is otherwise unable or unwilling to supply us with adequate quantities of their products at acceptable prices, our business and financial performance could suffer.
  • Our business is susceptible to weather conditions that are out of our control, including the potential risks of unpredictable weather patterns and any weather patterns associated with naturally occurring global climate change, and the resultant unseasonable weather could have a negative impact on our results of operations.
  • Our omni-channel strategy may not have the return we anticipate, which could have an adverse effect on our results of operations.
  • If we lose key executives or are unable to attract and retain the talent required for our business, our financial performance could suffer.
  • Failure to meet our staffing needs could adversely affect our ability to implement our growth strategy and could have a material impact on our results of operations.
  • A decline in cash flows from operations could have a material adverse effect on our business and growth plans.
  • The terms of our secured credit agreement impose certain restrictions on us that may impair our ability to respond to changing business and economic conditions, which could have a significant adverse impact on our business. Additionally, our business could suffer if our ability to acquire financing is reduced or eliminated.
  • The effects of war, acts of terrorism, threat of terrorism, or other types of mall violence, could adversely affect our business.
  • Our inability or failure to protect our intellectual property or our infringement of other’s intellectual property could have a negative impact on our operating results.
  • Our operations expose us to the risk of litigation, which could lead to significant potential liability and costs that could harm our business, financial condition or results of operations.
  • Failure to comply with federal, state, local or foreign laws and regulations, or changes in these laws and regulations, could have an adverse impact on our results of operations and financial performance.
  • Fluctuations in our tax obligations and effective tax rate may result in volatility in our operating results.
  • We may fail to meet analyst expectations, which could cause the price of our stock to decline.
  • The reduction of total outstanding shares through the execution of a share repurchase program of common stock may increase the risk that a group of shareholders could form a group to become a controlling shareholder.
Management Discussion
  • MD&A is provided as a supplement to, and should be read in conjunction with, our consolidated financial statements and related notes included elsewhere in this document.  This discussion contains forward-looking statements that involve risks and uncertainties.  Our actual results could differ materially from those anticipated in these forward-looking statements as a result of certain factors, including those discussed in “Item 1A Risk Factors.”  See the cautionary note regarding forward-looking statements set forth at the beginning of Part I of the Annual Report on Form 10-K.
  • Fiscal 2021 was marked by record sales and earnings for the Company including net sales growth of 19.5% and growth in diluted earnings per share of 61.7% to $4.85. This was up from our previous diluted earnings per share record in the prior year of $3.00.  Our stores were open for approximately 97.0% of the possible operating days in fiscal 2021, while due to COVID-19 related store closures in fiscal 2020, our stores were open for approximately 78.4% of the possible operating days in the prior year.  The majority of the improvement in open store days was related to the United States, while we experienced continued impacts of store closures in Europe, Canada and Australia.  We also benefitted from domestic government stimulus early in fiscal 2021 resulting in sales growth of 102.6% for first quarter of fiscal 2021 compared with the prior year.  Throughout the remainder of the year we drove quarterly year-over-year sales growth in the mid to high single digits resulting in the highest sales in Company history and growth of 14.5% over pre-pandemic fiscal 2019 sales.
  • Fiscal 2021 represented our sixth straight year of product margin gains.  Product margins grew by 110 basis points in 2021 as our teams remained focused on providing our customers with a diverse product offering and continued newness.  While the year was full of challenges associated with labor shortages, closures, inflation and supply chain, we were able to manage through the issues growing sales and product margin in each quarter of the year.  Overall gross margin was also positively impacted by 140 basis points of leverage in our occupancy costs with significant sales growth, as well as a reduction in web fulfillment and web shipping to customers of 100 basis points as sales shifted back to physical stores with fewer closures overall during the year and a resurgence of our customers coming back to malls represented by a store penetration level that was closer to 2019 than 2020. Total gross margin improved 330 basis points from the prior year to 38.6% of sales.

Content analysis

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Positive
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Constraining
Legalese
Litigous
Readability
H.S. sophomore Good
New words: cadence, disbursement, Final, undrawn