Zumiez Inc. Files Q3 2024 10-Q

TL;DR

Zumiez Q3 10-Q filed. Financials and investment details updated.

AI Summary

Zumiez Inc. reported its third-quarter results for the period ending November 2, 2024. The company's filing indicates financial data related to cost of sales and fair value inputs for various investments, including U.S. Treasury and government securities, money market funds, and certificates of deposit. Specific dollar amounts and dates are detailed within the full filing.

Why It Matters

This filing provides investors with an update on Zumiez's financial position and performance for the third quarter of fiscal year 2024, impacting investment decisions.

Risk Assessment

Risk Level: medium — The filing contains detailed financial information and disclosures that could impact investor sentiment and stock price.

Key Numbers

• 2024-11-02 — Reporting Period End Date (Indicates the end of the fiscal quarter for which financial data is reported.)
• 2024-12-05 — Filing Date (The date the 10-Q report was officially submitted to the SEC.)

Key Players & Entities

• Zumiez Inc. (company) — Filer of the 10-Q report
• 2024-11-02 (date) — End of the reporting period
• 2024-12-05 (date) — Filing date of the report
• MrAdamEllisMember (person) — Mentioned in relation to fair value inputs

FAQ

Filing Documents

• zumz-20241102.htm (10-Q) — 1739KB
• zumz-ex31_1.htm (EX-31.1) — 15KB
• zumz-ex31_2.htm (EX-31.2) — 15KB
• zumz-ex32_1.htm (EX-32.1) — 9KB
• 0000950170-24-133660.txt ( ) — 7866KB
• zumz-20241102.xsd (EX-101.SCH) — 857KB
• zumz-20241102_htm.xml (XML) — 1718KB

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 31 Item 4.

Controls and Procedures

Controls and Procedures 31 Part II. Other Information Item 1.

Legal Proceedings

Legal Proceedings 32 Item 1A.

Risk Factors

Risk Factors 32 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 32 Item 3. Defaults Upon Senior Securities 32 Item 4. Mine Safety Disclosures 32 Item 5. Other Information 32 Item 6. Exhibits 33 Signature 34 2 ZUMIEZ INC. CONDENSED CONSOLIDA TED BALANCE SHEETS (In thousands) November 2, 2024 February 3, 2024 (Unaudited) Assets Current assets Cash and cash equivalents $ 48,542 $ 88,875 Marketable securities 50,760 82,704 Receivables 14,927 13,780 Inventories 187,230 128,827 Prepaid expenses and other current assets 16,923 12,401 Total current assets 318,382 326,587 Fixed assets, net 84,783 90,508 Operating lease right-of-use assets 192,721 196,775 Goodwill 15,376 15,374 Intangible assets, net 14,224 14,200 Deferred tax assets, net 8,553 8,623 Other long-term assets 11,935 12,159 Total long-term assets 327,592 337,639 Total assets $ 645,974 $ 664,226 Liabilities and Shareholders' Equity Current liabilities Trade accounts payable $ 72,537 $ 38,885 Accrued payroll and payroll taxes 18,965 18,431 Operating lease liabilities 59,084 60,885 Other current liabilities 19,527 25,886 Total current liabilities 170,113 144,087 Long-term operating lease liabilities 151,981 159,877 Other long-term liabilities 6,792 7,052 Total long-term liabilities 158,773 166,929 Total liabilities 328,886 311,016 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; 19,171 shares issued and outstanding at November 2, 2024 and 19,833 shares issued and outstanding at February 3, 2024 201,853 196,144 Accumulated other comprehensive loss ( 19,185 ) ( 19,027 ) Retained earnings 134,420 176,093 Total shareholders' eq

View Full Filing

View this 10-Q filing on SEC EDGAR