Zumiez Inc. (ZUMZ) in Lynnwood, Wash., is a specialty retailer of apparel, footwear, accessories, and hard goods for young men and women. It reported soft fiscal fourth-quarter results, where its revenue and EPS came in at $346.68 million and $1.70, respectively, missing Wall Street estimates by 1.8% and 5.6%. The company recently provided weak first quarter fiscal 2022 earnings guidance, due primarily to government stimulus payments in the year-ago period.
The stock has declined 18.2% in price year-to-date to close yesterday’s trading session at $39.27. In addition, it is currently trading 28.7% below its 52-week high of $55.10, which it hit on Nov. 22, 2021.
