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 7.3% increase in net sales for Q2 2021, totaling $268.7 million, compared to $250.4 million in Q2 2020. Net income decreased to $24.0 million or $0.94 per diluted share, down from $25.4 million or $1.01 per share last year due to a $2.8 million settlement expense. Sales for the first half of 2021 rose 41.1% to $547.7 million. The company ended July 2021 with $412.0 million in cash. Though Q3 sales are up 23.2%, no full-year guidance is provided.
Zumiez Inc. (NASDAQ: ZUMZ) has announced its fiscal second quarter 2021 financial results will be reported on September 9, 2021, after market close. A conference call to discuss the results is scheduled for 5:00 p.m. ET. Investors can participate by dialing (844) 309-0606 domestically or (574) 990-9934 internationally, using the conference ID 8085802. The call will also be accessible via a live webcast at http://ir.zumiez.com. A replay will be available until September 16, 2021.
Zumiez, a leading specialty retailer, operates 725 stores across the globe.
Zumiez Inc. (NASDAQ: ZUMZ) reported a remarkable 102.6% increase in net sales for the first quarter of fiscal 2021, reaching $279.1 million compared to $137.8 million in the same quarter last year. The company achieved a net income of $26.4 million or $1.03 per diluted share, a significant turnaround from a net loss of $21.1 million a year prior. Cash and current marketable securities increased to $400.4 million, up from $217.2 million in 2020. Although optimistic about ongoing momentum, Zumiez did not provide specific guidance for the second quarter or the remainder of the year.
Zumiez Inc. (NASDAQ: ZUMZ) will announce its fiscal Q1 2021 financial results on June 3, 2021, after market close. A conference call will take place at 5:00 p.m. ET to discuss these results. Interested parties can join by calling (844) 309-0606 (U.S.) or (574) 990-9934 (international) with conference ID 7239969. The call will also be available via a live webcast on zumiez.com. A recording will be accessible until June 8, 2021.
As of May 1, 2021, Zumiez operates 723 stores globally.
Zumiez Inc. reported a 4Q 2020 net sales increase of 0.8% to $331.5 million, with earnings per share rising 13.9% to $1.68. Annual net sales for fiscal 2020 declined 4.2% to $990.7 million, though net income grew 14.0% to $76.2 million. Cash and marketable securities surged 49.5% to $375.5 million, aided by operational cash flow and strategic cost management. However, first-quarter sales to date are down 3.8% year-over-year. The company did not provide guidance due to ongoing uncertainty surrounding the pandemic.
Zumiez Inc. (NASDAQ: ZUMZ) will report its fiscal fourth quarter 2020 financial results on March 11, 2021, after market close. A conference call will follow at 5:00 p.m. ET, where investors can participate by calling (844) 309-0606 domestically or (574) 990-9934 internationally, using conference ID 1986667. A live webcast will be available at ir.zumiez.com. For those unable to attend, a replay will be accessible until March 18, 2021. Zumiez operates 721 stores globally, focusing on action sports and streetwear.
Zumiez Inc. announced a 1.7% increase in comparable sales for the ten-week period ending January 9, 2021, compared to the same period last year. Despite this growth, total sales decreased by 0.7% due to COVID-19 related restrictions. North America saw a 0.2% increase in net sales, while other international markets faced a 6.7% decline. The Hardgoods category led the sales increase, while Footwear had the largest drop. CEO Rick Brooks expressed confidence in the company's ability to navigate challenges and continue gaining market share.
Zumiez Inc. (NASDAQ: ZUMZ) reported a 2.6% increase in third-quarter sales, reaching $271.0 million for the period ending October 31, 2020. Diluted EPS rose 54.7% to $1.16, up from $0.75 a year prior. Cash and current marketable securities surged 77.0% to $316.2 million. However, total sales for the first nine months fell 6.6% to $659.1 million, with net income for the same period increasing 15.3% to $33.4 million. The company withdrew its full-year guidance due to market uncertainty but announced a stock repurchase program of up to $100 million.
Zumiez Inc. (NASDAQ: ZUMZ) is set to publish its fiscal third quarter 2020 financial results on December 3, 2020, after market close. A conference call will follow at 5:00 p.m. ET, where investors can join by dialing (844) 309-0606 for domestic or (574) 990-9934 for international access, using the ID 6946677. The call will also be available via a live webcast at ir.zumiez.com. A replay can be accessed until December 10, 2020.
Zumiez operates 725 stores globally, catering to youth interested in action sports and streetwear.
Zumiez Inc. (NASDAQ: ZUMZ) will report its fiscal second quarter 2020 financial results on September 10, 2020, after market close. A conference call to discuss these results will be held at 5:00 p.m. ET. Interested participants can join by calling (844) 309-0606 domestically or (574) 990-9934 internationally, using conference ID: 8269508. A replay will be available until September 17, 2020. Zumiez operates 720 stores globally, catering to youth fashion influenced by action sports and streetwear.
FAQ
What is the current stock price of Zumiez (ZUMZ)?
What is the market cap of Zumiez (ZUMZ)?
What products does Zumiez Inc. specialize in?
Where are Zumiez stores located?
What are Zumiez's key brands?
How did Zumiez perform financially in the latest fiscal year?
What is the company's strategy for growth in 2024?
Does Zumiez engage in stock repurchase programs?
What was Zumiez's cash position as of the latest report?
How can I access Zumiez's financial reports and conference calls?
What are some of the cultural elements Zumiez incorporates into its merchandise?
Who is the current CEO of Zumiez Inc.?
