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....
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Zumiez Business Is Improving And Reasonably Priced, But Still A Conservative Hold