Welcome to our dedicated page for Zumiez news (Ticker: ZUMZ), a resource for investors and traders seeking the latest updates and insights on Zumiez stock.
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 net sales decline of 18.1% to $220.0 million for Q2 2022, down from $268.7 million in Q2 2021. Net income fell to $3.1 million or $0.16 per diluted share, compared to $24.0 million or $0.94 per diluted share last year. For the first six months of 2022, net sales decreased 19.5% to $440.7 million, and net income was $2.7 million, down from $50.4 million. The company anticipates Q3 net sales between $220 million and $228 million and is adjusting its merchandise assortments due to inflationary pressures.
Zumiez Inc. (NASDAQ: ZUMZ) is set to report its fiscal 2022 second quarter financial results on September 8, 2022, after market close. The company will conduct a conference call at 5:00 p.m. ET to discuss these results. Investors can pre-register for the call via a provided link and access a live webcast on Zumiez's investor relations page. The retailer operates 751 stores globally, focusing on apparel and accessories for young individuals connected to action sports and streetwear.
Zumiez Inc. (NASDAQ: ZUMZ) reported a 20.9% decline in net sales for Q1 2022, totaling $220.7 million, down from $279.1 million in Q1 2021. Despite this, net sales grew 3.6% compared to Q1 2019. The company posted a net loss of $(0.4) million or $(0.02 per diluted share, a stark contrast to net income of $26.4 million or $1.03 per diluted share in the previous year. Cash reserves fell to $173 million from $400.4 million due to share repurchases. For Q2 2022, Zumiez projects net sales of $232-$239 million.
Zumiez Inc. (NASDAQ: ZUMZ), a premier retailer in action sports apparel and accessories, will present at the William Blair 42nd Annual Growth Stock Conference on June 7, 2022, at 10:00 am Central Time. Investors can access the live webcast through the company's investor relations page. Zumiez operates 741 stores globally, with a strong presence in the U.S., Canada, Europe, and Australia, catering to young men and women passionate about fashion and street culture.
Zumiez Inc. (NASDAQ: ZUMZ) is set to report its fiscal 2022 first quarter financial results on June 2, 2022, post-market hours. A conference call will follow at 5:00 p.m. ET to discuss the earnings. Interested investors can participate by calling (844) 309-0606 domestically or (574) 990-9934 internationally, using the conference ID 9374922. The call will also be available via a live webcast on their investor relations site. As of April 30, 2022, Zumiez operates 741 stores globally, including locations in the U.S., Canada, Europe, and Australia.
Zumiez Inc. (NASDAQ: ZUMZ) reported a 4.6% increase in Q4 2021 net sales to $346.7 million, with net income of $38.2 million or $1.70 per diluted share. Fiscal 2021 net sales surged 19.5% to $1,183.9 million, while net income grew to $119.3 million, or $4.85 per diluted share. However, Q1 2022 sales declined 1.9% year-over-year, with projections of $215 million to $221 million in net sales, influenced by economic uncertainty. The company also intends to open approximately 34 new stores in fiscal 2022, while share repurchases continue to enhance shareholder value.
Zumiez Inc. (NASDAQ: ZUMZ) will report its fiscal 2021 fourth quarter and full year financial results on March 10, 2022, post-market close. A conference call is scheduled for 5:00 p.m. ET to discuss the results, accessible via phone and a live webcast on their investor relations site. Zumiez operates 739 stores across multiple countries, focusing on action sports, streetwear, and unique lifestyles. As of January 29, 2022, the company enhances its market presence through e-commerce platforms such as zumiez.com.
Zumiez Inc. (ZUMZ) reported a 9.0% increase in total net sales for the nine-week period ending January 1, 2022, compared to the same period in 2021. Comparable sales rose 6.0%. Net sales in North America grew 5.1%, while international sales saw a significant 36.6% rise. The company anticipates full fourth quarter sales growth to be lower than current trends due to prior-year stimulus effects and ongoing pandemic challenges. Despite this, Zumiez expects over 20% annual sales growth for fiscal 2021.
Zumiez Inc. (NASDAQ: ZUMZ) reported a 6.8% increase in net sales for Q3 2021, totaling $289.5 million, compared to $271.0 million in Q3 2020. Net income rose to $30.7 million, or $1.25 per diluted share, up from $29.1 million or $1.16 per diluted share a year earlier. For the first nine months of 2021, net sales increased 27.0% to $837.2 million, with net income of $81.1 million, significantly higher than previous periods. Cash and current securities reached $338.1 million, reflecting strong operational performance despite ongoing supply chain challenges.
Zumiez Inc. (NASDAQ: ZUMZ) announced it will report its fiscal third quarter 2021 financial results on December 2, 2021, after market close. A conference call will be held at 5:00 p.m. ET to discuss these results. Interested parties can join by dialing (844) 309-0606 domestically or (574) 990-9934 internationally, using conference ID 2639078. The call will also be available via a live webcast on the Zumiez investor relations website. A replay will be accessible until December 9, 2021.
Zumiez operates 733 stores globally, catering to youth fashion and action sports culture.
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