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Zumiez, Inc. Message Board

  • nsthil nsthil Jan 7, 2011 9:53 AM Flag

    ZUMZ reported earnings on Dec 1

    On that Day the stock closed up around 31.50. After earnings it went down to around $30. Management at that time guided for low double digit to mid teen SSS for the next (Jan) qtr.

    November SSS were up 20%, December was up 9.2%, January should be up low double digits with last week of December having come in at 35.5%.

    Nothing has changed re the overall guidance imo and they should still hit double digit to mid teens for the qtr.

    Nevertheless investors thought that guidance was still worth $30/share back on December 2 but have now concluded ZUMZ apparently not worth $24/share.

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    • I know it may not "make sense" to you. Not to be redundant, but if you have watched this company for years, as I have, it does not always trade rationally. By all means, if you believe that good news will be announced soon, buy ZUMZ. I bought the options after the suppsed "bad news" which was actually not bad...just not "as good" as the so-called "analysts" had estimated.

      Its a crazy world we live in my friend.

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