ZUMZ - Zumiez Business Is Improving And Reasonably Priced But Still A Conservative Hold
2024-06-26 07:05:45 ET
Summary
- Zumiez had mixed 1Q24 results, with sales down but positive comps in North America and men's apparel.
- Despite operational losses, Zumiez is implementing good business strategies, like minimal promotions and organic branding efforts.
- The company's valuation suggests it may not be opportunistically priced, but could be a speculative Buy for more aggressive investors.
Zumiez ( ZUMZ ) is a retailer focused on streetwear and skater products.
This article covers the company's 1Q24 results and earnings call . The company's results were mixed: sales were down on a comparable basis, but there were areas of positive comps in North America and men's apparel. Despite some gross margin recovery, the company continues to post large operational losses....
Zumiez Business Is Improving And Reasonably Priced, But Still A Conservative Hold