Zumiez Inc. Files Q1 2024 10-Q

TL;DR

Zumiez Q1 2024 10-Q filed. Financials look standard, no major red flags here.

AI Summary

Zumiez Inc. reported its first quarter results for the period ending May 4, 2024. The company's financial statements indicate various assets and liabilities, including cash and corporate debt securities. Specific details on revenue, net income, and earnings per share are not provided in this excerpt, but the filing covers the period from February 1, 2024, to May 4, 2024.

Why It Matters

This filing provides a snapshot of Zumiez Inc.'s financial health and operational status at the end of the first quarter of fiscal year 2024, which is crucial for investors to assess performance.

Risk Assessment

Risk Level: low — The provided excerpt is a standard 10-Q filing and does not contain immediate red flags or significant negative financial indicators.

Key Numbers

• 2024-05-04 — End of Fiscal Quarter (The reporting period concludes on this date.)
• 2024-06-10 — Filing Date (The date the 10-Q was officially submitted to the SEC.)

Key Players & Entities

• Zumiez Inc. (company) — Filer
• 2024-05-04 (date) — End of Reporting Period
• 2024-06-10 (date) — Filing Date
• 4001 204TH STREET SW, LYNNWOOD, WA 98036 (address) — Company Business and Mail Address
• 425-551-1500 (phone_number) — Company Business Phone

FAQ

Filing Documents

• zumz-20240504.htm (10-Q) — 1344KB
• zumz-ex31_1.htm (EX-31.1) — 14KB
• zumz-ex31_2.htm (EX-31.2) — 14KB
• zumz-ex32_1.htm (EX-32.1) — 8KB
• 0000950170-24-071264.txt ( ) — 6489KB
• zumz-20240504.xsd (EX-101.SCH) — 810KB
• zumz-20240504_htm.xml (XML) — 1381KB

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 17 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 30 Item 4.

Controls and Procedures

Controls and Procedures 30 Part II. Other Information Item 1.

Legal Proceedings

Legal Proceedings 31 Item 1A.

Risk Factors

Risk Factors 31 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 31 Item 3. Defaults Upon Senior Securities 31 Item 4. Mine Safety Disclosures 31 Item 5. Other Information 31 Item 6. Exhibits 32 Signature 33 2 ZUMIEZ INC. CONDENSED CONSOLIDA TED BALANCE SHEETS (In thousands) May 4, 2024 February 3, 2024 (Unaudited) Assets Current assets Cash and cash equivalents $ 74,864 $ 88,875 Marketable securities 71,757 82,704 Receivables 13,415 13,780 Inventories 146,815 128,827 Prepaid expenses and other current assets 14,177 12,401 Total current assets 321,028 326,587 Fixed assets, net 89,831 90,508 Operating lease right-of-use assets 192,607 196,775 Goodwill 15,385 15,374 Intangible assets, net 14,117 14,200 Deferred tax assets, net 11,158 8,623 Other long-term assets 12,495 12,159 Total long-term assets 335,593 337,639 Total assets $ 656,621 $ 664,226 Liabilities and Shareholders' Equity Current liabilities Trade accounts payable $ 62,301 $ 38,885 Accrued payroll and payroll taxes 16,958 18,431 Operating lease liabilities 59,191 60,885 Other current liabilities 18,869 25,886 Total current liabilities 157,319 144,087 Long-term operating lease liabilities 155,040 159,877 Other long-term liabilities 6,927 7,052 Total long-term liabilities 161,967 166,929 Total liabilities 319,286 311,016 Commitments and contingencies (Note 5) Shareholders' equity Preferred stock, no par value, 20,000 shares authorized; none issued and outstanding — — Common stock, no par value, 50,000 shares authorized; 20,318 shares issued and outstanding at May 4, 2024 and 19,833 shares issued and outstanding at February 3, 2024 198,047 196,144 Accumulated other comprehensive loss ( 20,025 ) ( 19,027 ) Retained earnings 159,313 176,093 Total sharehold

View Full Filing

View this 10-Q filing on SEC EDGAR