Zumiez Inc. Files Q2 2024 10-Q with Asset Details

TL;DR

Zumiez Q2 10-Q filed: Cash, MMFs, CDs detailed. Assets look stable.

AI Summary

Zumiez Inc. reported its second-quarter results for the period ending August 3, 2024. The company's financial statements, filed on September 5, 2024, provide details on its assets and liabilities, including cash, money market funds, and certificates of deposit as of August 3, 2024. The filing also references various accumulated adjustments and translation adjustments from previous periods.

Why It Matters

This filing provides investors with a snapshot of Zumiez's financial health and asset composition at the end of the second quarter, crucial for understanding the company's liquidity and investment strategy.

Risk Assessment

Risk Level: low — This is a routine quarterly financial filing with no immediate red flags or significant new risks disclosed.

Key Numbers

• 2024-08-03 — Reporting Period End Date (Indicates the end of the fiscal quarter for which financial data is reported.)
• 2024-09-05 — Filing Date (The date Zumiez Inc. officially submitted this 10-Q filing to the SEC.)

Key Players & Entities

• Zumiez Inc. (company) — Filer of the 10-Q report
• 20240803 (date) — End of the reporting period
• 20240905 (date) — Date the report was filed
• 4001 204TH STREET SW LYNNWOOD WA 98036 (address) — Company's business and mail address

FAQ

Filing Documents

• zumz-20240803.htm (10-Q) — 1613KB
• zumz-ex31_1.htm (EX-31.1) — 14KB
• zumz-ex31_2.htm (EX-31.2) — 14KB
• zumz-ex32_1.htm (EX-32.1) — 8KB
• 0000950170-24-103958.txt ( ) — 7444KB
• zumz-20240803.xsd (EX-101.SCH) — 840KB
• zumz-20240803_htm.xml (XML) — 1595KB

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

Management's Discussion and Analysis of Financial Condition and Results of Operations 18 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 32 Item 4.

Controls and Procedures

Controls and Procedures 32 Part II. Other Information Item 1.

Legal Proceedings

Legal Proceedings 33 Item 1A.

Risk Factors

Risk Factors 33 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 33 Item 3. Defaults Upon Senior Securities 33 Item 4. Mine Safety Disclosures 33 Item 5. Other Information 33 Item 6. Exhibits 34 Signature 35 2 ZUMIEZ INC. CONDENSED CONSOLIDA TED BALANCE SHEETS (In thousands) August 3, 2024 February 3, 2024 (Unaudited) Assets Current assets Cash and cash equivalents $ 65,766 $ 88,875 Marketable securities 61,194 82,704 Receivables 23,129 13,780 Inventories 158,753 128,827 Prepaid expenses and other current assets 17,939 12,401 Total current assets 326,781 326,587 Fixed assets, net 87,573 90,508 Operating lease right-of-use assets 203,744 196,775 Goodwill 15,358 15,374 Intangible assets, net 14,196 14,200 Deferred tax assets, net 9,928 8,623 Other long-term assets 11,947 12,159 Total long-term assets 342,746 337,639 Total assets $ 669,527 $ 664,226 Liabilities and Shareholders' Equity Current liabilities Trade accounts payable $ 75,016 $ 38,885 Accrued payroll and payroll taxes 20,517 18,431 Operating lease liabilities 62,759 60,885 Other current liabilities 22,472 25,886 Total current liabilities 180,764 144,087 Long-term operating lease liabilities 161,663 159,877 Other long-term liabilities 7,296 7,052 Total long-term liabilities 168,959 166,929 Total liabilities 349,723 311,016 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; 19,360 shares issued and outstanding at August 3, 2024 and 19,833 shares issued and outstanding at February 3, 2024 199,763 196,144 Accumulated other comprehensive loss ( 18,844 ) ( 19,027 ) Retained earnings 138,885 176,093 Total shar

View Full Filing

View this 10-Q filing on SEC EDGAR