The Moss Adams Apparel Market Monitor shows that public companies, with the exception of the Youth Lifestyle category, continue to outperform the overall stock market. Previews of Agenda WMNS at Long Beach, Agenda NYC and Agenda Vegas. Now on Industry Insight.
Important industry customer Zumiez said this afternoon that November same store sales increased 8.4%, significantly better than the 3.1% consensus increase predicted by stock analysts.
The strong November is a good indicator that Zumiez will have a good holiday season on top of a robust back-to-school period.
The company also released third quarter earnings. Here’s a quick summary of the results:
Net sales: up 13.3% to $154 million
Same store sales: up 6% vs. a 14.4% increase the same period last year
Net income: up 14.8% to $14.1 million.