{"id":393145,"date":"2020-12-03T16:13:04","date_gmt":"2020-12-03T21:13:04","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=393145"},"modified":"2020-12-03T16:13:04","modified_gmt":"2020-12-03T21:13:04","slug":"zumiez-inc-announces-fiscal-2020-third-quarter-results","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/zumiez-inc-announces-fiscal-2020-third-quarter-results\/","title":{"rendered":"Zumiez Inc. Announces Fiscal 2020 Third Quarter Results"},"content":{"rendered":"
\n

\n Third Quarter 2020 Sales Increased 2.6% to $271.0 Million
<\/strong>
\n Third Quarter 2020 Diluted Earnings Per Share Increased 54.7% to $1.16
<\/strong>
\n Cash and Current Marketable Securities Increased 77.0% to $316.2 Million<\/strong>\n <\/p>\n

LYNNWOOD, Wash., Dec. 03, 2020 (GLOBE NEWSWIRE) — Zumiez Inc. (NASDAQ: ZUMZ) today reported results for the third quarter ended October 31, 2020. <\/p>\n

Total net sales for the third quarter ended October 31, 2020 (13 weeks) increased 2.6% to $271.0 million from $264.0 million in the quarter ended November 2, 2019 (13 weeks). Due to store closures, stores were open for approximately 95% of the third quarter of 2020 measured as the total number of store days open in the quarter divided by the total number of store days available. For the stores that were open, comparable sales for the thirteen weeks ended October 31, 2020 increased 8.1% compared to the same period a year ago. Net income for the third quarter of fiscal 2020 was $29.1 million, or $1.16 per diluted share, compared to net income of $19.2 million, or $0.75 per diluted share in the third quarter of the prior fiscal year. <\/p>\n

Total net sales for the nine months (39 weeks) ended October 31, 2020 decreased 6.6% to $659.1 million from $705.4 million reported for the nine months (39 weeks) ended November 2, 2019. Net income for the first nine months of fiscal 2020 increased 15.3% to $33.4 million, or $1.32 per diluted share, compared to net income for the first nine months of the prior fiscal year of $29.0 million, or $1.14 per diluted share. <\/p>\n

At October 31, 2020, the Company had cash and current marketable securities of $316.2 million compared to cash and current marketable securities of $178.6 million at November 2, 2019. The increase in cash and current marketable securities was driven by cash generated through operations including cash deferment of $53.0 million composed of lower inventory levels, landlord payments, extended vendor terms and payroll tax payments as well as net income improvements related to abatements, credits and expense reductions. This increase was partially offset by $13.4 million of share repurchases through the Company\u2019s stock buyback program prior to our stores closing in March due to COVID-19 and other planned capital expenditures. <\/p>\n

Rick Brooks, Chief Executive Officer of Zumiez Inc., stated, \u201cWe once again successfully navigated volatile market conditions and drove strong earnings growth. Following a challenging start to the third quarter due to the delayed start to back to school, sales were positive in both September and October as we capitalized on late season demand. Our performance in 2020 is a testament to the resiliency of our people and their commitment to serving our customers, the strong culture and brand loyalty we\u2019ve fostered over many years, and the ability of our business model to adapt to changes in purchasing behavior. While there is still uncertainty around how the remainder of the holiday season will unfold, we believe we are positioned well to meet the customer\u2019s expectations and drive value for the long-term.\u201d<\/p>\n

\n Fiscal Fourth Quarter-to-Date Sales <\/u>
\n
Total fourth quarter-to-date sales for the 31 days ended December 1, 2020 were down approximately 3.9%, compared with the same 31 day time period in the prior year ended December 3, 2019. Comparable sales for the 31 days ended December 1, 2020 were down 1.7%. By channel, open store comparable sales decreased 7.8% and e-commerce sales increased 16.7%. During this timeframe we had roughly 3% fewer open store days than last year due to governmental orders and potential safety concerns. We also experienced significant metering of traffic and reduced hours where required by local governments. We expect that the store closures and various other operating restrictions will fluctuate as we move through the quarter.<\/p>\n

\n Outlook<\/u>
\n
Due to the fast-moving nature of this situation and the uncertainty of impacts on revenue and costs, the Company previously withdrew its full year fiscal 2020 guidance. The Company is not providing an updated outlook at this time for the fourth quarter or the year.<\/p>\n

\n Share Repurchase Authorization:<\/u>
\n \n <\/p>\n

On December\u00a02, 2020, the Company\u2019s Board of Directors approved the repurchase of up to an aggregate of $100\u00a0million of its Common Stock (the \u201cRepurchase Program\u201d). The repurchases will be made from time to time on the open market at prevailing market prices. The Repurchase Program is expected to continue through the fiscal year 2021 ending January 29, 2022, unless the time period is extended or shortened by the Board of Directors. The Repurchase Program supersedes all previously approved and authorized stock repurchase programs.<\/p>\n

\n Conference Call Information<\/u>
\n
A conference call will be held today to discuss third quarter fiscal 2020 results and will be webcast at 5:00 p.m. ET on http:\/\/ir.zumiez.com. Participants may also dial (574) 990-9934 followed by the conference identification code of 6946677.<\/p>\n

\n
\n About Zumiez Inc.<\/u>
\n <\/strong>\n <\/p>\n

Zumiez is a leading specialty retailer of apparel, footwear, accessories and hardgoods for young men and women who want to express their individuality through the fashion, music, art and culture of action sports, streetwear, and other unique lifestyles. As of November 28, 2020, we operated 726 stores, including 608 in the United States, 52 in Canada, 54 in Europe and 12 in Australia. We operate under the names Zumiez, Blue Tomato and Fast Times. Additionally, we operate ecommerce web sites at zumiez.com, zumiez.ca, blue-tomato.com and fasttimes.com.au.<\/p>\n

\n
\n Safe Harbor Statement<\/u>
\n <\/strong>\n <\/p>\n

Certain statements in this press release and oral statements relating thereto made from time to time by representatives of the Company may constitute forward-looking statements for purposes of the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. These statements include, without limitation, predictions and guidance relating to the Company’s future financial performance, brand and product category diversity, ability to adjust product mix, integration of acquired businesses, growing customer demand for our products and new store openings. In some cases, you can identify forward-looking statements by terminology such as, “may,” “should,” “expects,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,” “potential,” “continue,” or the negative of these terms or other comparable terminology. These forward-looking statements are based on management’s current expectations but they involve a number of risks and uncertainties. Actual results and the timing of events could differ materially from those anticipated in the forward-looking statements as a result of risks and uncertainties, which include, without limitation, those described in the Company\u2019s annual report on Form 10-K for the fiscal year ended February 1, 2020 as filed with the Securities and Exchange Commission and available at www.sec.gov. You are urged to consider these factors carefully in evaluating the forward-looking statements herein and are cautioned not to place undue reliance on such forward-looking statements, which are qualified in their entirety by this cautionary statement. The forward-looking statements speak only as of the date on which they are made and the Company undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.<\/p>\n

\n Company Contact:<\/strong>
\n
Darin White
Director of Finance &
Investor Relations
Zumiez Inc.
(425) 551-1500, ext. 1337<\/p>\n

\n Investor Contact:<\/strong>
\n
ICR
Brendon Frey
(203) 682-8200<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n<\/tr>\n
\n ZUMIEZ\u00a0INC.<\/strong>
\n
\n CONDENSED CONSOLIDATED STATEMENTS OF INCOME<\/strong>
\n
\n (In thousands, except per share amounts) <\/strong>
\n
\n (Unaudited)<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\n Three Months\u00a0Ended<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\n October 31, 2020<\/strong>\n <\/td>\n\u00a0<\/td>\n\n % of Sales<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n November 2, 2019<\/strong>\n <\/td>\n\u00a0<\/td>\n\n % of Sales<\/strong>\n <\/td>\n<\/tr>\n
Net sales<\/td>\n\u00a0<\/td>\n$<\/td>\n270,952<\/td>\n\u00a0<\/td>\n100.0<\/td>\n%<\/td>\n\u00a0<\/td>\n$<\/td>\n264,022<\/td>\n\u00a0<\/td>\n100.0<\/td>\n%<\/td>\n<\/tr>\n
Cost of goods sold<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n165,146<\/td>\n\u00a0<\/td>\n61.0<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n169,446<\/td>\n\u00a0<\/td>\n64.2<\/td>\n%<\/td>\n<\/tr>\n
\n Gross profit<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n105,806<\/td>\n\u00a0<\/td>\n39.0<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n94,576<\/td>\n\u00a0<\/td>\n35.8<\/td>\n%<\/td>\n<\/tr>\n
Selling, general and administrative expenses<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n67,941<\/td>\n\u00a0<\/td>\n25.0<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n70,266<\/td>\n\u00a0<\/td>\n26.6<\/td>\n%<\/td>\n<\/tr>\n
\n Operating profit<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n37,865<\/td>\n\u00a0<\/td>\n14.0<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n24,310<\/td>\n\u00a0<\/td>\n9.2<\/td>\n%<\/td>\n<\/tr>\n
Interest income, net<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n769<\/td>\n\u00a0<\/td>\n0.3<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,002<\/td>\n\u00a0<\/td>\n0.4<\/td>\n%<\/td>\n<\/tr>\n
Other income, net<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n86<\/td>\n\u00a0<\/td>\n0.0<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n275<\/td>\n\u00a0<\/td>\n0.1<\/td>\n%<\/td>\n<\/tr>\n
\n Earnings before income taxes<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n38,720<\/td>\n\u00a0<\/td>\n14.3<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n25,587<\/td>\n\u00a0<\/td>\n9.7<\/td>\n%<\/td>\n<\/tr>\n
Provision for income taxes<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n9,581<\/td>\n\u00a0<\/td>\n3.5<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n6,408<\/td>\n\u00a0<\/td>\n2.4<\/td>\n%<\/td>\n<\/tr>\n
\n Net income<\/strong>\n <\/td>\n\u00a0<\/td>\n$<\/td>\n29,139<\/td>\n\u00a0<\/td>\n10.8<\/td>\n%<\/td>\n\u00a0<\/td>\n$<\/td>\n19,179<\/td>\n\u00a0<\/td>\n7.3<\/td>\n%<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Basic earnings per share<\/td>\n\u00a0<\/td>\n$<\/td>\n1.17<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n0.76<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Diluted earnings per share<\/td>\n\u00a0<\/td>\n$<\/td>\n1.16<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n0.75<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Weighted average shares used in computation of earnings per share:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Basic<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n24,864<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n25,231<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Diluted<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n25,219<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n25,560<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\n Nine Months Ended<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\n October 31, 2020<\/strong>\n <\/td>\n\u00a0<\/td>\n\n % of Sales<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n November 2, 2019<\/strong>\n <\/td>\n\u00a0<\/td>\n\n % of Sales<\/strong>\n <\/td>\n<\/tr>\n
Net sales<\/td>\n\u00a0<\/td>\n$<\/td>\n659,116<\/td>\n\u00a0<\/td>\n100.0<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n705,376<\/td>\n\u00a0<\/td>\n100.0<\/td>\n%<\/td>\n<\/tr>\n
Cost of goods sold<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n438,724<\/td>\n\u00a0<\/td>\n66.6<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n467,140<\/td>\n\u00a0<\/td>\n66.2<\/td>\n%<\/td>\n<\/tr>\n
\n Gross profit<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n220,392<\/td>\n\u00a0<\/td>\n33.4<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n238,236<\/td>\n\u00a0<\/td>\n33.8<\/td>\n%<\/td>\n<\/tr>\n
Selling, general and administrative expenses<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n177,263<\/td>\n\u00a0<\/td>\n26.9<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n201,285<\/td>\n\u00a0<\/td>\n28.6<\/td>\n%<\/td>\n<\/tr>\n
\n Operating profit<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n43,129<\/td>\n\u00a0<\/td>\n6.5<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n36,951<\/td>\n\u00a0<\/td>\n5.2<\/td>\n%<\/td>\n<\/tr>\n
Interest income, net<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,637<\/td>\n\u00a0<\/td>\n0.4<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,652<\/td>\n\u00a0<\/td>\n0.4<\/td>\n%<\/td>\n<\/tr>\n
Other income, net<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n584<\/td>\n\u00a0<\/td>\n0.1<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n987<\/td>\n\u00a0<\/td>\n0.2<\/td>\n%<\/td>\n<\/tr>\n
\n Earnings before income taxes<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n46,350<\/td>\n\u00a0<\/td>\n7.0<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n40,590<\/td>\n\u00a0<\/td>\n5.8<\/td>\n%<\/td>\n<\/tr>\n
Provision for income taxes<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n12,920<\/td>\n\u00a0<\/td>\n1.9<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n11,593<\/td>\n\u00a0<\/td>\n1.7<\/td>\n%<\/td>\n<\/tr>\n
\n Net income<\/strong>\n <\/td>\n\u00a0<\/td>\n$<\/td>\n33,430<\/td>\n\u00a0<\/td>\n5.1<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n28,997<\/td>\n\u00a0<\/td>\n4.1<\/td>\n%<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Basic earnings per share<\/td>\n\u00a0<\/td>\n$<\/td>\n1.34<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1.15<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Diluted earnings per share<\/td>\n\u00a0<\/td>\n$<\/td>\n1.32<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1.14<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Weighted average shares used in computation of earnings per share:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Basic<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n24,913<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n25,173<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Diluted<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n25,271<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n25,480<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

\n \n <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n ZUMIEZ INC.<\/strong>
\n
\n CONDENSED CONSOLIDATED BALANCE SHEETS<\/strong>
\n
\n (In thousands)<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n October 31, 2020<\/strong>\n <\/td>\n\u00a0<\/td>\n\n February 1, 2020<\/strong>\n <\/td>\n\u00a0<\/td>\n\n November 2, 2019<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\n (Unaudited)<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n (Unaudited)<\/strong>\n <\/td>\n<\/tr>\n
\n Assets<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Current assets<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Cash and cash equivalents<\/td>\n$<\/td>\n84,939<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n52,428<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n31,929<\/td>\n\u00a0<\/td>\n<\/tr>\n
Marketable securities<\/td>\n\u00a0<\/td>\n231,234<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n198,768<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n146,718<\/td>\n\u00a0<\/td>\n<\/tr>\n
Receivables<\/td>\n\u00a0<\/td>\n19,301<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n16,841<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n16,790<\/td>\n\u00a0<\/td>\n<\/tr>\n
Inventories<\/td>\n\u00a0<\/td>\n160,961<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n135,095<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n183,381<\/td>\n\u00a0<\/td>\n<\/tr>\n
Prepaid expenses and other current assets<\/td>\n\u00a0<\/td>\n9,240<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n9,456<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n10,757<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Total current assets<\/strong>\n <\/td>\n\u00a0<\/td>\n505,675<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n412,588<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n389,575<\/td>\n\u00a0<\/td>\n<\/tr>\n
Fixed assets, net<\/td>\n\u00a0<\/td>\n101,820<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n113,051<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n115,170<\/td>\n\u00a0<\/td>\n<\/tr>\n
Operating lease right-of-use assets<\/td>\n\u00a0<\/td>\n273,796<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n301,784<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n301,736<\/td>\n\u00a0<\/td>\n<\/tr>\n
Goodwill<\/td>\n\u00a0<\/td>\n59,540<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n57,099<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n57,580<\/td>\n\u00a0<\/td>\n<\/tr>\n
Intangible assets, net<\/td>\n\u00a0<\/td>\n15,329<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n14,564<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n14,772<\/td>\n\u00a0<\/td>\n<\/tr>\n
Deferred tax assets, net<\/td>\n\u00a0<\/td>\n8,192<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n6,303<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n7,424<\/td>\n\u00a0<\/td>\n<\/tr>\n
Other long-term assets<\/td>\n\u00a0<\/td>\n9,802<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n8,869<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n8,773<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Total long-term assets<\/strong>\n <\/td>\n\u00a0<\/td>\n468,479<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n501,670<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n505,455<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Total assets<\/strong>\n <\/td>\n$<\/td>\n974,154<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n914,258<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n895,030<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Liabilities and Shareholders\u2019 Equity<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Current liabilities<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Trade accounts payable<\/td>\n$<\/td>\n84,069<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n47,787<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n73,418<\/td>\n\u00a0<\/td>\n<\/tr>\n
Accrued payroll and payroll taxes<\/td>\n\u00a0<\/td>\n25,603<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n23,653<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n21,929<\/td>\n\u00a0<\/td>\n<\/tr>\n
Income taxes payable<\/td>\n\u00a0<\/td>\n8,402<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4,686<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,430<\/td>\n\u00a0<\/td>\n<\/tr>\n
Operating lease liabilities<\/td>\n\u00a0<\/td>\n72,526<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n61,800<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n59,742<\/td>\n\u00a0<\/td>\n<\/tr>\n
Other liabilities<\/td>\n\u00a0<\/td>\n25,327<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n21,784<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n18,815<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Total current liabilities<\/strong>\n <\/td>\n\u00a0<\/td>\n215,927<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n159,710<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n177,334<\/td>\n\u00a0<\/td>\n<\/tr>\n
Long-term operating lease liabilities<\/td>\n\u00a0<\/td>\n255,160<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n284,717<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n287,400<\/td>\n\u00a0<\/td>\n<\/tr>\n
Other long-term liabilities<\/td>\n\u00a0<\/td>\n3,881<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,745<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,457<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Total long-term liabilities<\/strong>\n <\/td>\n\u00a0<\/td>\n259,041<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n288,462<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n290,857<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Total liabilities<\/strong>\n <\/td>\n\u00a0<\/td>\n474,968<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n448,172<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n468,191<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Shareholders\u2019 equity<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Preferred stock, no par value, 20,000 shares authorized; none issued and outstanding<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n<\/tr>\n
Common stock, no par value, 50,000\u00a0shares authorized; 25,472 shares issued and
outstanding at October 31, 2020, 25,828 shares issued and outstanding at February 1, 2020
and 25,805 shares issued and outstanding at November 2, 2019<\/td>\n		\u00a0<\/td>\n167,119<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n161,458<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n159,251<\/td>\n\u00a0<\/td>\n<\/tr>\n
Accumulated other comprehensive loss<\/td>\n\u00a0<\/td>\n(5,165<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(12,591<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(11,747<\/td>\n)<\/td>\n<\/tr>\n
Retained earnings<\/td>\n\u00a0<\/td>\n337,232<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n317,219<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n279,335<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Total shareholders\u2019 equity<\/strong>\n <\/td>\n\u00a0<\/td>\n499,186<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n466,086<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n426,839<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Total liabilities and shareholders\u2019 equity<\/strong>\n <\/td>\n$<\/td>\n974,154<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n914,258<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n895,030<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

\n \n <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n ZUMIEZ INC.<\/strong>\u00a0
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
<\/strong>(In thousands)<\/strong><\/td>\n<\/tr>\n
\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\n Nine Months Ended<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\n October 31, 2020<\/strong>\n <\/td>\n\u00a0<\/td>\n\n November 2, 2019<\/strong>\n <\/td>\n<\/tr>\n
\n Cash flows from operating activities:<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Net income<\/td>\n\u00a0<\/td>\n$<\/td>\n33,430<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n28,997<\/td>\n\u00a0<\/td>\n<\/tr>\n
Adjustments to reconcile net income to net cash provided by operating activities:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Depreciation, amortization and accretion<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n17,909<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n18,776<\/td>\n\u00a0<\/td>\n<\/tr>\n
Noncash lease expense<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n45,797<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n42,960<\/td>\n\u00a0<\/td>\n<\/tr>\n
Deferred taxes<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(2,155<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n29<\/td>\n\u00a0<\/td>\n<\/tr>\n
Stock-based compensation expense<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4,795<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4,819<\/td>\n\u00a0<\/td>\n<\/tr>\n
Impairment of long-lived assets<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4,443<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n123<\/td>\n\u00a0<\/td>\n<\/tr>\n
Other<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(430<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(562<\/td>\n)<\/td>\n<\/tr>\n
Changes in operating assets and liabilities:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0 Receivables<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(1,030<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,190<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0 Inventories<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(24,856<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(54,687<\/td>\n)<\/td>\n<\/tr>\n
\u00a0 Prepaid expenses and other assets<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n532<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(934<\/td>\n)<\/td>\n<\/tr>\n
\u00a0 Trade accounts payable<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n36,196<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n38,186<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0 Accrued payroll and payroll taxes<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,711<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n971<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0 Income taxes payable<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,629<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(2,586<\/td>\n)<\/td>\n<\/tr>\n
\u00a0 Operating lease liabilities<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(40,945<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(45,512<\/td>\n)<\/td>\n<\/tr>\n
\u00a0 Other liabilities<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,728<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(4,316<\/td>\n)<\/td>\n<\/tr>\n
\n Net cash provided by operating activities<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n81,754<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n29,454<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Cash flows from investing activities:<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Additions to fixed assets<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(7,488<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(13,871<\/td>\n)<\/td>\n<\/tr>\n
Purchases of marketable securities and other investments<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(135,515<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(165,912<\/td>\n)<\/td>\n<\/tr>\n
Sales and maturities of marketable securities and other investments<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n104,742<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n132,974<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Net cash used in investing activities<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(38,261<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(46,809<\/td>\n)<\/td>\n<\/tr>\n
\n Cash flows from financing activities:<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Proceeds from issuance and exercise of stock-based awards<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n959<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,604<\/td>\n\u00a0<\/td>\n<\/tr>\n
Payments for tax withholdings on equity awards<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(93<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(238<\/td>\n)<\/td>\n<\/tr>\n
Common stock repurchased<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(13,417<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Net cash (used in) provided by financing activities<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(12,551<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,366<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Effect of exchange rate changes on cash, cash equivalents, and restricted cash<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,899<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(242<\/td>\n)<\/td>\n<\/tr>\n
\n Net increase (decrease) in cash, cash equivalents, and restricted cash<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n32,841<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(16,231<\/td>\n)<\/td>\n<\/tr>\n
\n Cash, cash equivalents, and restricted cash, beginning of period<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n58,991<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n54,271<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Cash, cash equivalents, and restricted cash, end of period<\/strong>\n <\/td>\n\u00a0<\/td>\n$<\/td>\n91,832<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n38,040<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Supplemental disclosure on cash flow information:<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Cash paid during the period for income taxes<\/td>\n\u00a0<\/td>\n$<\/td>\n11,933<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n14,024<\/td>\n\u00a0<\/td>\n<\/tr>\n
Accrual for purchases of fixed assets<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n346<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,412<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n


\n
\n \n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

Third Quarter 2020 Sales Increased 2.6% to $271.0 Million Third Quarter 2020 Diluted Earnings Per Share Increased 54.7% to $1.16 Cash and Current Marketable Securities Increased 77.0% to $316.2 Million LYNNWOOD, Wash., Dec. 03, 2020 (GLOBE NEWSWIRE) — Zumiez Inc. (NASDAQ: ZUMZ) today reported results for the third quarter ended October 31, 2020. Total net sales for the third quarter ended October 31, 2020 (13 weeks) increased 2.6% to $271.0 million from $264.0 million in the quarter ended November 2, 2019 (13 weeks). Due to store closures, stores were open for approximately 95% of the third quarter of 2020 measured as the total number of store days open in the quarter divided by the total number of store days available. … <\/p>\n

Continue reading “Zumiez Inc. Announces Fiscal 2020 Third Quarter Results”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-393145","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nZumiez Inc. Announces Fiscal 2020 Third Quarter Results - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/zumiez-inc-announces-fiscal-2020-third-quarter-results\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Zumiez Inc. Announces Fiscal 2020 Third Quarter Results - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Third Quarter 2020 Sales Increased 2.6% to $271.0 Million Third Quarter 2020 Diluted Earnings Per Share Increased 54.7% to $1.16 Cash and Current Marketable Securities Increased 77.0% to $316.2 Million LYNNWOOD, Wash., Dec. 03, 2020 (GLOBE NEWSWIRE) — Zumiez Inc. (NASDAQ: ZUMZ) today reported results for the third quarter ended October 31, 2020. Total net sales for the third quarter ended October 31, 2020 (13 weeks) increased 2.6% to $271.0 million from $264.0 million in the quarter ended November 2, 2019 (13 weeks). Due to store closures, stores were open for approximately 95% of the third quarter of 2020 measured as the total number of store days open in the quarter divided by the total number of store days available. … Continue reading "Zumiez Inc. 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