- Zumiez preannounces a surprisingly strong set of FQ4 '20 numbers, with the double-digit % comparable sales gains in January the key highlight.
- Europe remains a drag due to COVID-19-led restrictions, but the structural story is intact.
- Meanwhile, favorable trend shifts and a growing online presence position the company for a brighter post-COVID-19 future.
- At c. 6x EV/EBITDA and a considerable net cash position, shares are very reasonably priced.
For further details see:
Zumiez: Better-Than-Expected Preannouncement Sets The Stage For A Strong Post-COVID-19 Future