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Zumiez Inc. (NASDAQ: ZUMZ) is a prominent specialty retailer based in the United States, focusing on apparel, footwear, accessories, and hardgoods for young men and women. Established in 1978 with a single shop in Seattle, WA, Zumiez has grown to operate 751 stores globally, including locations in the U.S., Canada, Europe, and Australia. The company’s brand portfolio includes Zumiez, Fast Times, and Blue Tomato, and extends its reach through dedicated e-commerce platforms such as zumiez.com, zumiez.ca, blue-tomato.com, and fasttimes.com.au.
Zumiez specializes in offering products that resonate with the cultural elements of fashion, music, art, action sports, and streetwear. This distinctive blend caters to consumers who seek to express their individuality through unique lifestyle choices. The majority of the company’s stores are strategically located in the U.S., which also accounts for the bulk of its revenue.
Despite facing challenges in the retail sector, Zumiez is adjusting its strategies to meet changing market demands. In the latest fiscal year, the company reported a slight increase in fourth-quarter sales but faced an overall decline in net sales and profitability due to macroeconomic pressures and promotional market conditions. As of February 3, 2024, Zumiez had cash and current marketable securities totaling $171.6 million.
Zumiez is actively pursuing growth through the introduction of new brands and enhancing its customer service. The company is also focused on optimizing its store footprint, reducing operational expenses, and driving efficiency throughout the organization. For the fiscal year 2024, Zumiez plans to open approximately 10 new stores, including locations in North America, Europe, and Australia.
In addition to its retail operations, Zumiez is committed to delivering shareholder value through stock repurchase programs. Recently, the Board authorized the repurchase of up to $25 million of common stock, with the program expected to continue through June 30, 2025.
Investors and stakeholders can access detailed financial reports, conference call information, and more through the company’s investor relations website at https://ir.zumiez.com.
Zumiez Inc. (NASDAQ: ZUMZ) reported a 5.6% increase in comparable sales for the nine-week period ending January 4, 2025, compared to the same period in the prior year. North America saw a 6.9% increase in sales, while international sales, including Europe and Australia, grew by 1.1%. The Women's category experienced the highest growth, followed by Men's and Footwear. Conversely, Accessories and Hardgoods categories saw declines.
Based on these results, Zumiez anticipates fiscal 2024 fourth-quarter net sales to be between $275 million and $277 million, down from the previous guidance of $284 million to $288 million. Earnings per share (EPS) are expected to range from $0.72 to $0.77, lower than the earlier forecast of $0.83 to $0.93. The company noted that the fourth quarter of fiscal 2023 included an additional week, impacting year-over-year growth by approximately 4%.
CEO Rick Brooks acknowledged the solid sales growth but noted that results were below expectations during the peak holiday weeks. He expressed confidence in the company's recent changes to merchandise assortments and customer engagement tactics, aiming for further gains in fiscal 2025.
Zumiez reported improved financial results for Q3 2024, with net sales increasing 2.9% to $222.5 million and comparable sales rising 7.5%. The company turned a profit with net income of $1.2 million ($0.06 per share), compared to a net loss of $2.2 million in Q3 2023. Gross margin improved by 140 basis points to 35.2%.
For the first nine months of 2024, total sales grew 2.8% to $610.0 million with comparable sales up 3.2%. The company's cash position stood at $99.3 million. Looking ahead, Q4 guidance projects net sales between $284-288 million with earnings per share of $0.83-0.93. The company plans to close approximately 33 stores while opening 7 new locations in fiscal 2024.
Zumiez Inc. (NASDAQ: ZUMZ) has scheduled its fiscal 2024 third quarter results announcement for Thursday, December 5, 2024, after market close. The company will host a conference call at 5:00 p.m. ET to discuss the results. Zumiez, a specialty retailer of apparel, footwear, and accessories, currently operates 752 stores globally, including 592 in the United States, 46 in Canada, 87 in Europe, and 27 in Australia under the brands Zumiez, Blue Tomato, and Fast Times. The company also maintains e-commerce presence through zumiez.com, blue-tomato.com, and fasttimes.com.au.
Zumiez Inc. (NASDAQ: ZUMZ) reported improved financial results for Q2 2024. Net sales increased 8.1% to $210.2 million, with comparable sales up 3.6%. The company narrowed its net loss to $0.8 million ($0.04 per share) from $8.5 million ($0.44 per share) in Q2 2023. Gross margin improved by 250 basis points to 34.2%. For the first six months of fiscal 2024, net sales grew 2.7% to $387.6 million, with a net loss of $17.6 million ($0.91 per share).
The company's Q3 outlook projects net sales between $221-$225 million, representing 2-4% growth. Third quarter-to-date comparable sales are up 12.1%. Zumiez plans to open 9 new stores and close approximately 25 in fiscal 2024. The company repurchased 0.9 million shares during Q2 at an average cost of $20.55 per share.
Zumiez Inc. (NASDAQ: ZUMZ) has announced that it will release its fiscal 2024 second quarter results on Thursday, September 5, 2024, after the stock market closes. The company will host a conference call at 5:00 p.m. ET to discuss the results. Interested parties can pre-register for the call or access it through a live webcast on the company's investor relations website.
Zumiez is a leading specialty retailer of apparel, footwear, accessories, and hardgoods for young men and women. As of August 3, 2024, the company operates 750 stores across the United States (592), Canada (46), Europe (86), and Australia (26) under the brands Zumiez, Blue Tomato, and Fast Times. Zumiez also maintains e-commerce websites for each of its brands.
Zumiez (NASDAQ: ZUMZ) reported a 3% decrease in net sales to $177.4 million for Q1 FY2024, compared to $182.9 million in Q1 FY2023. The net loss narrowed to $16.8 million ($0.86 per share) from $18.4 million ($0.96 per share) in the prior year. Cash and marketable securities stood at $146.6 million, down from $155.3 million, mainly due to $17.5 million in capital expenditures, partially offset by $9.1 million from operations.
CEO Rick Brooks highlighted improvements in North American sales and better margins in Europe. For Q2 FY2024, the company projects net sales of $199-$204 million and a loss per share between $0.30-$0.40. Additionally, Zumiez plans to open around 10 new stores globally in FY2024 and has authorized a $25 million stock repurchase program.
Zumiez (NASDAQ: ZUMZ) announced it will report fiscal 2024 first-quarter results on June 6, 2024, after market close. The company will hold a conference call at 5:00 p.m. ET to discuss the results, accessible via pre-registration. A live webcast will be available on the Zumiez investor relations website, with a replay provided for a time. As of May 4, 2024, Zumiez operates 751 stores across the US, Canada, Europe, and Australia, under brands Zumiez, Blue Tomato, and Fast Times. The company specializes in apparel, footwear, accessories, and hardgoods for youth culture. Contact details for further inquiries are provided in the release.
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