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Short-Term Investor Stock ZUMZ Gains 17.1%

The stock, Zumiez Inc. (ZUMZ), featured on our 'Short-Term Investor' on Sept. 6, 2019, at an opening price of $30.46. On Dec. 6, 2019, the stock touched a new 52-week high of $35.68, representing a gain of 17.1%. The stock closed yesterday's trade at $33.04.

Why we published this stock?

Zumiez raised its fiscal 2019 outlook, while reporting strong Q2 results.

FY19 Guidance

For fiscal 2019, the company now expects comparable sales to increase between 2.0% and 4.0% versus the prior guidance of low single digits. Earnings per share are now projected to range from $2.10 to $2.20, up from previous guidance of $1.84 - $1.94. The company currently intends to open about 16 new stores in fiscal 2019, including up to 6 stores in North America, 7 stores in Europe and 3 stores in Australia.

Seven Wall Street analysts then had a consensus earnings estimate of $1.90 per share for fiscal 2019.

For the third quarter...

The company then expected net sales in the range of $258 million - $263 million, including anticipated comparable sales growth of between 3.0% and 5.0%. Consolidated operating margins are expected to between 7.0% and 7.7% resulting in earnings per share of about $0.55 - $0.61. Analysts then estimated earnings of $0.55 per share and revenue of $257.39 million for the third quarter.

Q2 Results

Net income for the second quarter of fiscal 2019 was $9.0 million or $0.36 per share compared to $4.4 million or $0.17 per share in the second quarter of the prior fiscal year.

Total net sales for the quarter increased 4.3% to $228.4 million from $219.0 million in the quarter ended August 4, 2018.

Comparable sales for the thirteen weeks ended August 3, 2019 increased 3.6% compared to a comparable sales increase of 6.3% for the thirteen weeks ended August 4, 2018.

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