Zumiez: Growth or Value stock?
Originally Published March 13, 2008 6:05 PM
Zumiez, Inc.’s (ZUMZ-NASDAQ) fall from grace has been rather dramatic, and taken many shareholder down with it. Tough comps had led to low expectations coming into earnings, but the stock appears poised to firm up after its long slide:
Sports-focused clothing and accessories retailer Zumiez Inc. said Thursday it expects to post a 2008 profit of about 90 cents to 93 cents on a flat to low-single-digit increase in same-store sales.
Analysts polled by Thomson Financial expect a profit of 92 cents per share for the year. The company posted a 2007 profit of 86 cents per share on a same-store sales increase of 9.2 percent.
“Although there may be some near-term challenges in fiscal 2008, we remain upbeat regarding the long term prospects for Zumiez,” Rick Brooks, the company’s president and chief executive, said in a statement. AP
Zumiez is neither growth nor value at the current quote, and with many of its peers solidly in value category I am picking through the bargain bin. An acceleration in comp store sales might ignite the stock, but the prices fetched a year ago will remain nothing but fond memories for the shareholders.
Zumiez Predicts 2008 Earnings Growth
AP
Comments:
Next entry: Bear Stearns on the Ropes
Previous entry: Frank Talk Fires Up the Homebuilders
