{"id":500647,"date":"2021-06-03T16:12:01","date_gmt":"2021-06-03T20:12:01","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/zumiez-inc-announces-record-fiscal-2021-first-quarter-results\/"},"modified":"2021-06-03T16:12:01","modified_gmt":"2021-06-03T20:12:01","slug":"zumiez-inc-announces-record-fiscal-2021-first-quarter-results","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/zumiez-inc-announces-record-fiscal-2021-first-quarter-results\/","title":{"rendered":"Zumiez Inc. Announces Record Fiscal 2021 First Quarter Results"},"content":{"rendered":"
\n

\n Net Sales Increased 102.6% to $279.1 Million<\/strong>
\n
\n Diluted Earnings Per Share Improved to $1.03<\/strong>\n <\/p>\n

LYNNWOOD, Wash., June 03, 2021 (GLOBE NEWSWIRE) — Zumiez Inc. (NASDAQ: ZUMZ) a leading specialty retailer of apparel, footwear, equipment and accessories for young men and women, today reported results for the first quarter ended May 1, 2021. <\/p>\n

Net sales for the first quarter ended May 1, 2021 (13 weeks) increased 102.6% to $279.1 million from $137.8 million in the first quarter ended May 2, 2020 (13 weeks). Compared to the first quarter ended May 4, 2019 (13 weeks), first quarter 2021 net sales increased 31.1%. Net income in the first quarter of fiscal 2021 was $26.4 million, or $1.03 per diluted share, compared to a net loss of $21.1 million, or $(0.84) per diluted share, in the first quarter of the prior fiscal year. Net income for the first quarter of 2019 was $0.08 million, or $0.03 per diluted share. <\/p>\n

At May 1, 2021, the Company had cash and current marketable securities of $400.4 million compared to cash and current marketable securities of $217.2 million at May 2, 2020. The increase in cash and current marketable securities was driven by cash generated through operations partially offset by capital expenditures. \u00a0\u00a0<\/p>\n

\u201cAfter demonstrating great resiliency during the height of the pandemic, our business has exceeded pre-COVID levels even as a portion of our global store fleet remains closed. Our performance amidst very challenging conditions over the past year, and more recently as the operating environment has improved, underscores our market leading position and the strength of our business model. Sales trends accelerated as the first quarter progressed driven by our ability to capture meaningful share of the heightened discretionary spending in the U.S. related to government stimulus, especially in our stores, as customers are becoming increasingly comfortable returning to in person shopping. The strong sales gains on both a one and two year basis combined with the shift back to our historical channel mix following elevated online spending in 2020, fueled a dramatic increase in first quarter profitability. We are very pleased with our start to 2021 and are optimistic that we can maintain our positive momentum over the remainder of the year. With our strong balance sheet and differentiated strategies, we are well positioned to add to our global market share and return increased value to our shareholders over the long-term.\u201d<\/p>\n

\n May 2021 Sales<\/u>
\n
Net sales for the four-week period ended May 29, 2021 increased 42.4% compared to the four-week period ended May 30, 2020 and increased 30.5% compared to the four-week period ended June 1, 2019. <\/p>\n

\n Outlook<\/u>
\n
Due to the continued fast-moving nature of this situation and the uncertainty of impacts on revenue and costs, the Company is not providing an outlook at this time for the second quarter or the year.<\/p>\n

\n Conference call Information <\/u>
\n
A conference call will be held today to discuss first quarter fiscal 2021 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 7239969.<\/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 May 29, 2021, we operated 723 stores, including 602 in the United States, 52 in Canada, 54 in Europe and 15 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 January 30, 2021 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\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 (LOSS) <\/strong>
\n
\n (In thousands, except per share amounts) <\/strong>
\n
\n (Unaudited)<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\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 May 1, 2021<\/strong>\n <\/td>\n\u00a0<\/td>\n\n % of Sales<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n May 2, 2020<\/strong>\n <\/td>\n\u00a0<\/td>\n\n % of Sales<\/strong>\n <\/td>\n<\/tr>\n
Net sales<\/td>\n\u00a0<\/td>\n$<\/td>\n279,069<\/td>\n\u00a0<\/td>\n100.0<\/td>\n%<\/td>\n\u00a0<\/td>\n$<\/td>\n137,772<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n100.0<\/td>\n%<\/td>\n<\/tr>\n
Cost of goods sold<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n175,900<\/td>\n\u00a0<\/td>\n63.0<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n114,036<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n82.8<\/td>\n%<\/td>\n<\/tr>\n
\n Gross profit<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n103,169<\/td>\n\u00a0<\/td>\n37.0<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n23,736<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n17.2<\/td>\n%<\/td>\n<\/tr>\n
Selling, general and administrative expenses<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n68,889<\/td>\n\u00a0<\/td>\n24.7<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n51,584<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n37.4<\/td>\n%<\/td>\n<\/tr>\n
\n Operating profit (loss)<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n34,280<\/td>\n\u00a0<\/td>\n12.3<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(27,848<\/td>\n)<\/td>\n\u00a0<\/td>\n(20.2<\/td>\n%)<\/td>\n<\/tr>\n
Interest income, net<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n975<\/td>\n\u00a0<\/td>\n0.3<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,074<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.8<\/td>\n%<\/td>\n<\/tr>\n
Other income, net<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n254<\/td>\n\u00a0<\/td>\n0.1<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n106<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.0<\/td>\n%<\/td>\n<\/tr>\n
\n Earnings (loss) before income taxes<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n35,509<\/td>\n\u00a0<\/td>\n12.7<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(26,668<\/td>\n)<\/td>\n\u00a0<\/td>\n(19.4<\/td>\n%)<\/td>\n<\/tr>\n
Provision for (benefit from) income taxes<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n9,124<\/td>\n\u00a0<\/td>\n3.2<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(5,567<\/td>\n)<\/td>\n\u00a0<\/td>\n(4.1<\/td>\n%)<\/td>\n<\/tr>\n
\n Net income (loss)<\/strong>\n <\/td>\n\u00a0<\/td>\n$<\/td>\n26,385<\/td>\n\u00a0<\/td>\n9.5<\/td>\n%<\/td>\n\u00a0<\/td>\n$<\/td>\n(21,101<\/td>\n)<\/td>\n\u00a0<\/td>\n(15.3<\/td>\n%)<\/td>\n<\/tr>\n
Basic earnings (loss) per share<\/td>\n\u00a0<\/td>\n$<\/td>\n1.05<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n(0.84<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Diluted earnings (loss) per share<\/td>\n\u00a0<\/td>\n$<\/td>\n1.03<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n(0.84<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Weighted average shares used in computation of earnings (loss) 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>\n25,167<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n25,040<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Diluted<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n25,676<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n25,040<\/td>\n\u00a0<\/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\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 May 1, 2021<\/strong>\n <\/td>\n\u00a0<\/td>\n\n January 30, 2021<\/strong>\n <\/td>\n\u00a0<\/td>\n\n May 2, 2020<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\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\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\u00a0<\/td>\n<\/tr>\n
Cash and cash equivalents<\/td>\n\u00a0<\/td>\n$<\/td>\n81,503<\/td>\n\u00a0<\/td>\n$<\/td>\n73,622<\/td>\n\u00a0<\/td>\n$<\/td>\n63,731<\/td>\n\u00a0<\/td>\n<\/tr>\n
Marketable securities<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n318,888<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n301,920<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n153,494<\/td>\n\u00a0<\/td>\n<\/tr>\n
Receivables<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n20,481<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n16,558<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n16,837<\/td>\n\u00a0<\/td>\n<\/tr>\n
Inventories<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n136,498<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n134,354<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n136,354<\/td>\n\u00a0<\/td>\n<\/tr>\n
Prepaid expenses and other current assets<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n9,481<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n8,823<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5,179<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Total current assets<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n566,851<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n535,277<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n375,595<\/td>\n\u00a0<\/td>\n<\/tr>\n
Fixed assets, net<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n96,004<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n98,352<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n109,573<\/td>\n\u00a0<\/td>\n<\/tr>\n
Operating lease right-of-use assets<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n259,790<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n267,152<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n285,416<\/td>\n\u00a0<\/td>\n<\/tr>\n
Goodwill<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n61,307<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n61,470<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n56,706<\/td>\n\u00a0<\/td>\n<\/tr>\n
Intangible assets, net<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n15,996<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n16,029<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n14,366<\/td>\n\u00a0<\/td>\n<\/tr>\n
Deferred tax assets, net<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n6,168<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n9,927<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n11,206<\/td>\n\u00a0<\/td>\n<\/tr>\n
Other long-term assets<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n11,688<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n10,157<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n8,571<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Total long-term assets<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n450,953<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n463,087<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n485,838<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Total assets<\/strong>\n <\/td>\n\u00a0<\/td>\n$<\/td>\n1,017,804<\/td>\n\u00a0<\/td>\n$<\/td>\n998,364<\/td>\n\u00a0<\/td>\n$<\/td>\n861,433<\/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<\/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\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\u00a0<\/td>\n<\/tr>\n
Trade accounts payable<\/td>\n\u00a0<\/td>\n$<\/td>\n75,610<\/td>\n\u00a0<\/td>\n$<\/td>\n69,751<\/td>\n\u00a0<\/td>\n$<\/td>\n49,497<\/td>\n\u00a0<\/td>\n<\/tr>\n
Accrued payroll and payroll taxes<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n24,784<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n27,911<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n13,173<\/td>\n\u00a0<\/td>\n<\/tr>\n
Income taxes payable<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,698<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n6,317<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4,430<\/td>\n\u00a0<\/td>\n<\/tr>\n
Operating lease liabilities<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n67,433<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n66,993<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n70,584<\/td>\n\u00a0<\/td>\n<\/tr>\n
Other liabilities<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n21,721<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n24,480<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n19,197<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Total current liabilities<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n193,246<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n195,452<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n156,881<\/td>\n\u00a0<\/td>\n<\/tr>\n
Long-term operating lease liabilities<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n238,553<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n246,123<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n269,608<\/td>\n\u00a0<\/td>\n<\/tr>\n
Other long-term liabilities<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4,224<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4,193<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,790<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Total long-term liabilities<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n242,777<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n250,316<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n273,398<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Total liabilities<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n436,023<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n445,768<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n430,279<\/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<\/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<\/tr>\n
Preferred stock, no par value, 20,000 shares authorized; none issued and outstanding<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/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; 25,780 shares issued and
outstanding at May 1, 2021, 25,599 shares issued and outstanding at January 30,
2021, and and 25,431 shares issued and outstanding at May 1, 2021<\/td>\n		\u00a0<\/td>\n\u00a0<\/td>\n174,921<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n171,628<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n163,349<\/td>\n\u00a0<\/td>\n<\/tr>\n
Accumulated other comprehensive income (loss)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n446<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n939<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(14,896<\/td>\n)<\/td>\n<\/tr>\n
Retained earnings<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n406,414<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n380,029<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n282,701<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Total shareholders\u2019 equity<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n581,781<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n552,596<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n431,154<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Total liabilities and shareholders\u2019 equity<\/strong>\n <\/td>\n\u00a0<\/td>\n$<\/td>\n1,017,804<\/td>\n\u00a0<\/td>\n$<\/td>\n998,364<\/td>\n\u00a0<\/td>\n$<\/td>\n861,433<\/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<\/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 ZUMIEZ INC.<\/strong>
\n
\n CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS<\/strong>
\n
\n (In thousands)<\/strong>
\n
\n (Unaudited)<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\n Three Months Ended<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\n May 1, 2021<\/strong>\n <\/td>\n\u00a0<\/td>\n\n May 2, 2020<\/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 (loss)<\/td>\n\u00a0<\/td>\n$<\/td>\n26,385<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n(21,101<\/td>\n)<\/td>\n<\/tr>\n
Adjustments to reconcile net income (loss) to net cash provided by (used in)
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>\n5,889<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n6,096<\/td>\n\u00a0<\/td>\n<\/tr>\n
Noncash lease expense<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n15,968<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n14,996<\/td>\n\u00a0<\/td>\n<\/tr>\n
Deferred taxes<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4,063<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(4,856<\/td>\n)<\/td>\n<\/tr>\n
Stock-based compensation expense<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,740<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,556<\/td>\n\u00a0<\/td>\n<\/tr>\n
Impairment of long-lived assets<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,079<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,514<\/td>\n\u00a0<\/td>\n<\/tr>\n
Other<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(246<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(173<\/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<\/tr>\n
Receivables<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(2,019<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,918<\/td>\n\u00a0<\/td>\n<\/tr>\n
Inventories<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(1,813<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(2,031<\/td>\n)<\/td>\n<\/tr>\n
Prepaid expenses and other assets<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(2,098<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4,354<\/td>\n\u00a0<\/td>\n<\/tr>\n
Trade accounts payable<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5,796<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,074<\/td>\n\u00a0<\/td>\n<\/tr>\n
Accrued payroll and payroll taxes<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(3,141<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(10,423<\/td>\n)<\/td>\n<\/tr>\n
Income taxes payable<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(3,690<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(1,078<\/td>\n)<\/td>\n<\/tr>\n
Operating lease liabilities<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(18,776<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(6,948<\/td>\n)<\/td>\n<\/tr>\n
Other liabilities<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(3,212<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(2,440<\/td>\n)<\/td>\n<\/tr>\n
\n Net cash provided by (used in) operating activities<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n26,925<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(17,542<\/td>\n)<\/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<\/tr>\n
Additions to fixed assets<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(2,825<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(2,504<\/td>\n)<\/td>\n<\/tr>\n
Purchases of marketable securities and other investments<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(60,692<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(9,106<\/td>\n)<\/td>\n<\/tr>\n
Sales and maturities of marketable securities and other investments<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n42,249<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n54,344<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Net cash (used in) provided by investing activities<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(21,268<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n42,734<\/td>\n\u00a0<\/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<\/tr>\n
Proceeds from issuance and exercise of stock-based awards<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,039<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n428<\/td>\n\u00a0<\/td>\n<\/tr>\n
Payments for tax withholdings on equity awards<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(486<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(93<\/td>\n)<\/td>\n<\/tr>\n
Common stock repurchased<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(13,417<\/td>\n)<\/td>\n<\/tr>\n
\n Net cash provided by (used in) financing activities<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,553<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(13,082<\/td>\n)<\/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>\n766<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(853<\/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>\n7,976<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n11,257<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Cash, cash equivalents, and restricted cash, beginning of period<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n80,690<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n58,991<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Cash, cash equivalents, and restricted cash, end of period<\/strong>\n <\/td>\n\u00a0<\/td>\n$<\/td>\n88,666<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n70,248<\/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$<\/td>\n8,738<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n343<\/td>\n\u00a0<\/td>\n<\/tr>\n
Accrual for purchases of fixed assets<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n553<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,976<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\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 <\/div>\n

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

Net Sales Increased 102.6% to $279.1 Million Diluted Earnings Per Share Improved to $1.03 LYNNWOOD, Wash., June 03, 2021 (GLOBE NEWSWIRE) — Zumiez Inc. (NASDAQ: ZUMZ) a leading specialty retailer of apparel, footwear, equipment and accessories for young men and women, today reported results for the first quarter ended May 1, 2021. Net sales for the first quarter ended May 1, 2021 (13 weeks) increased 102.6% to $279.1 million from $137.8 million in the first quarter ended May 2, 2020 (13 weeks). Compared to the first quarter ended May 4, 2019 (13 weeks), first quarter 2021 net sales increased 31.1%. Net income in the first quarter of fiscal 2021 was $26.4 million, or $1.03 per diluted share, compared to a … <\/p>\n

Continue reading “Zumiez Inc. Announces Record Fiscal 2021 First 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-500647","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nZumiez Inc. Announces Record Fiscal 2021 First 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-record-fiscal-2021-first-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 Record Fiscal 2021 First Quarter Results - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Net Sales Increased 102.6% to $279.1 Million Diluted Earnings Per Share Improved to $1.03 LYNNWOOD, Wash., June 03, 2021 (GLOBE NEWSWIRE) — Zumiez Inc. (NASDAQ: ZUMZ) a leading specialty retailer of apparel, footwear, equipment and accessories for young men and women, today reported results for the first quarter ended May 1, 2021. Net sales for the first quarter ended May 1, 2021 (13 weeks) increased 102.6% to $279.1 million from $137.8 million in the first quarter ended May 2, 2020 (13 weeks). Compared to the first quarter ended May 4, 2019 (13 weeks), first quarter 2021 net sales increased 31.1%. Net income in the first quarter of fiscal 2021 was $26.4 million, or $1.03 per diluted share, compared to a … Continue reading "Zumiez Inc. Announces Record Fiscal 2021 First Quarter Results"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/zumiez-inc-announces-record-fiscal-2021-first-quarter-results\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-06-03T20:12:01+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODI0ODYxMSM0MjI2ODE0IzIwMDc5NTk=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"6 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/zumiez-inc-announces-record-fiscal-2021-first-quarter-results\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/zumiez-inc-announces-record-fiscal-2021-first-quarter-results\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Zumiez Inc. Announces Record Fiscal 2021 First Quarter Results\",\"datePublished\":\"2021-06-03T20:12:01+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/zumiez-inc-announces-record-fiscal-2021-first-quarter-results\\\/\"},\"wordCount\":1282,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/zumiez-inc-announces-record-fiscal-2021-first-quarter-results\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODI0ODYxMSM0MjI2ODE0IzIwMDc5NTk=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/zumiez-inc-announces-record-fiscal-2021-first-quarter-results\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/zumiez-inc-announces-record-fiscal-2021-first-quarter-results\\\/\",\"name\":\"Zumiez Inc. Announces Record Fiscal 2021 First Quarter Results - Market Newsdesk\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/zumiez-inc-announces-record-fiscal-2021-first-quarter-results\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/zumiez-inc-announces-record-fiscal-2021-first-quarter-results\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODI0ODYxMSM0MjI2ODE0IzIwMDc5NTk=\",\"datePublished\":\"2021-06-03T20:12:01+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/zumiez-inc-announces-record-fiscal-2021-first-quarter-results\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/zumiez-inc-announces-record-fiscal-2021-first-quarter-results\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/zumiez-inc-announces-record-fiscal-2021-first-quarter-results\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODI0ODYxMSM0MjI2ODE0IzIwMDc5NTk=\",\"contentUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODI0ODYxMSM0MjI2ODE0IzIwMDc5NTk=\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/zumiez-inc-announces-record-fiscal-2021-first-quarter-results\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Zumiez Inc. Announces Record Fiscal 2021 First Quarter Results\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#website\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/\",\"name\":\"Market Newsdesk\",\"description\":\"Latest Business News in Real Time\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\",\"name\":\"Newsdesk\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"caption\":\"Newsdesk\"},\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/author\\\/newsdesk\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Zumiez Inc. Announces Record Fiscal 2021 First Quarter Results - Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/zumiez-inc-announces-record-fiscal-2021-first-quarter-results\/","og_locale":"en_US","og_type":"article","og_title":"Zumiez Inc. Announces Record Fiscal 2021 First Quarter Results - Market Newsdesk","og_description":"Net Sales Increased 102.6% to $279.1 Million Diluted Earnings Per Share Improved to $1.03 LYNNWOOD, Wash., June 03, 2021 (GLOBE NEWSWIRE) — Zumiez Inc. (NASDAQ: ZUMZ) a leading specialty retailer of apparel, footwear, equipment and accessories for young men and women, today reported results for the first quarter ended May 1, 2021. Net sales for the first quarter ended May 1, 2021 (13 weeks) increased 102.6% to $279.1 million from $137.8 million in the first quarter ended May 2, 2020 (13 weeks). Compared to the first quarter ended May 4, 2019 (13 weeks), first quarter 2021 net sales increased 31.1%. Net income in the first quarter of fiscal 2021 was $26.4 million, or $1.03 per diluted share, compared to a … Continue reading \"Zumiez Inc. Announces Record Fiscal 2021 First Quarter Results\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/zumiez-inc-announces-record-fiscal-2021-first-quarter-results\/","og_site_name":"Market Newsdesk","article_published_time":"2021-06-03T20:12:01+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODI0ODYxMSM0MjI2ODE0IzIwMDc5NTk=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"6 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/zumiez-inc-announces-record-fiscal-2021-first-quarter-results\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/zumiez-inc-announces-record-fiscal-2021-first-quarter-results\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Zumiez Inc. Announces Record Fiscal 2021 First Quarter Results","datePublished":"2021-06-03T20:12:01+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/zumiez-inc-announces-record-fiscal-2021-first-quarter-results\/"},"wordCount":1282,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/zumiez-inc-announces-record-fiscal-2021-first-quarter-results\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODI0ODYxMSM0MjI2ODE0IzIwMDc5NTk=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/zumiez-inc-announces-record-fiscal-2021-first-quarter-results\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/zumiez-inc-announces-record-fiscal-2021-first-quarter-results\/","name":"Zumiez Inc. Announces Record Fiscal 2021 First Quarter Results - Market Newsdesk","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/zumiez-inc-announces-record-fiscal-2021-first-quarter-results\/#primaryimage"},"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/zumiez-inc-announces-record-fiscal-2021-first-quarter-results\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODI0ODYxMSM0MjI2ODE0IzIwMDc5NTk=","datePublished":"2021-06-03T20:12:01+00:00","author":{"@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"breadcrumb":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/zumiez-inc-announces-record-fiscal-2021-first-quarter-results\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.marketnewsdesk.com\/index.php\/zumiez-inc-announces-record-fiscal-2021-first-quarter-results\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/zumiez-inc-announces-record-fiscal-2021-first-quarter-results\/#primaryimage","url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODI0ODYxMSM0MjI2ODE0IzIwMDc5NTk=","contentUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODI0ODYxMSM0MjI2ODE0IzIwMDc5NTk="},{"@type":"BreadcrumbList","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/zumiez-inc-announces-record-fiscal-2021-first-quarter-results\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.marketnewsdesk.com\/"},{"@type":"ListItem","position":2,"name":"Zumiez Inc. Announces Record Fiscal 2021 First Quarter Results"}]},{"@type":"WebSite","@id":"https:\/\/www.marketnewsdesk.com\/#website","url":"https:\/\/www.marketnewsdesk.com\/","name":"Market Newsdesk","description":"Latest Business News in Real Time","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.marketnewsdesk.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979","name":"Newsdesk","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","caption":"Newsdesk"},"url":"https:\/\/www.marketnewsdesk.com\/index.php\/author\/newsdesk\/"}]}},"_links":{"self":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts\/500647","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/comments?post=500647"}],"version-history":[{"count":0,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts\/500647\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/media?parent=500647"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/categories?post=500647"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/tags?post=500647"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}