Zumiez Inc. (ZUMZ) is focused on strengthening its market position by diversifying the company’s brand portfolio and expanding its private-label product range. These strategies aim to enhance customer engagement, stay aligned with market trends and maximize profitability. By offering exclusive in-house products and introducing new brands, Zumiez is tapping into evolving consumer preferences, while the higher margins on private-label products contribute directly to its financial growth.Zumiez’s continued bra ...

Updates Fourth Quarter OutlookLYNNWOOD, Wash., Jan. 13, 2025 (GLOBE NEWSWIRE) -- Zumiez Inc. (NASDAQ: ZUMZ) a leading specialty retailer of apparel, footwear, equipment and accessories for young men and women, today announced that the Company's comparable sales for the nine-week period ended January 4, 2025 increased 5.6% from the comparable nine-week period in the prior year ending January 6, 2024. From a regional perspective, North America comparable sales were up 6.9% and other international comparable s ...

Zumiez Inc. (ZUMZ) is focused on expanding its brand portfolio and private label offerings to boost customer engagement and profitability. Introducing brands has increased sales and kept the company aligned with trends, while private-label products offer higher margins.Zumiez’s growth initiatives, including optimizing store productivity and expanding private label offerings, have resonated well with consumers in the competitive retail sector. The company’s positive outlook for the holiday season, along with ...

Zumiez Inc. (NASDAQ:ZUMZ) Q3 2024 Earnings Conference Call December 5, 2024 5:00 PM ET Company Participants Rick Brooks - Chief Executive Officer Chris Work - Chief Financial Officer Conference Call Participants Mitch Kummetz - Seaport Richard Magnusen - B. Riley Corey Tarlowe - Jefferies Operator Good afternoon, ladies and gentlemen. And welcome to the Zumiez Inc. Third Quarter Fiscal 2024 Earnings Conference Call. At this time, all participants are in listen only mode. We will conduct a question-and-answe ...

Group 1: Earnings Performance - Zumiez reported quarterly earnings of $0.06 per share, exceeding the Zacks Consensus Estimate of $0.03 per share, compared to a loss of $0.12 per share a year ago, representing an earnings surprise of 100% [1] - The company has surpassed consensus EPS estimates for four consecutive quarters [2] - Zumiez posted revenues of $222.48 million for the quarter ended October 2024, surpassing the Zacks Consensus Estimate by 0.19%, and up from $216.34 million year-over-year [2] Group 2: Stock Performance and Outlook - Zumiez shares have increased approximately 11.4% since the beginning of the year, while the S&P 500 has gained 27.6% [4] - The current consensus EPS estimate for the upcoming quarter is $0.96 on revenues of $283.48 million, and $0.07 on revenues of $893.2 million for the current fiscal year [8] - The Zacks Rank for Zumiez is currently 3 (Hold), indicating expected performance in line with the market in the near future [7] Group 3: Industry Context - The Retail - Apparel and Shoes industry, to which Zumiez belongs, is currently in the top 31% of over 250 Zacks industries, suggesting a favorable outlook compared to the bottom 50% [9] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [6]

Financial Performance - Third quarter comparable sales increased by 7.5%, while net sales rose by 2.9% to $222.5 million compared to $216.3 million in the same quarter last year[2][3] - Gross margin improved by 140 basis points to 35.2% in the third quarter, up from 33.8% in the prior year[2][3] - Net income for the third quarter was $1.2 million, or $0.06 per share, compared to a net loss of $2.2 million, or $0.12 per share, in the same quarter last year[3][4] - For the first nine months of fiscal 2024, net sales increased by 2.8% to $610.0 million, with a comparable sales growth of 3.2%[4][15] - The company reported an operating loss of $18.2 million for the first nine months of fiscal 2024, an improvement from a loss of $32.0 million in the same period last year[15] - Net loss for the nine months ended November 2, 2024, was $16,467 thousand, an improvement from a loss of $29,122 thousand in the same period last year[19] Sales Expectations - The company expects fourth quarter net sales to be in the range of $284 to $288 million, with projected earnings per diluted share of approximately $0.83 to $0.93[8] - Total fourth quarter-to-date sales increased by 10.0% compared to the same period last year, with comparable sales up by 2.9%[7] - The strategic initiatives have led to a noticeable increase in sales trends, particularly in the North American market, with strong gains in apparel and footwear categories[6] Store Operations - Zumiez opened 6 new stores in fiscal 2024, with one additional store planned for the fourth quarter, while expecting to close approximately 33 stores by the end of the year[9] Cash Flow and Liquidity - Cash and current marketable securities decreased to $99.3 million as of November 2, 2024, down from $135.8 million a year earlier, primarily due to share repurchases and capital expenditures[5] - Net cash used in operating activities was $33,990 thousand, compared to $22,922 thousand in the previous year, indicating a decline in cash flow[19] - Cash, cash equivalents, and restricted cash at the end of the period totaled $57,550 thousand, down from $94,284 thousand at the beginning of the period[19] Balance Sheet - Total liabilities increased to $328,886 thousand from $311,016 thousand, representing a 5.7% increase year-over-year[18] - Total shareholders' equity decreased to $317,088 thousand from $353,210 thousand, reflecting a decline of approximately 10.2%[18] Capital Expenditures - Additions to fixed assets were $10,012 thousand, down from $16,210 thousand, indicating reduced capital expenditure[19] - The company repurchased common stock amounting to $25,206 thousand during the period, reflecting a strategic move to return value to shareholders[19] Other Expenses - Noncash lease expense was $48,424 thousand, slightly down from $51,607 thousand, showing a reduction in lease-related costs[19] - The company experienced a decrease in inventories, with a cash outflow of $59,401 thousand compared to $43,186 thousand in the previous year[19] - Proceeds from the issuance and exercise of stock-based awards amounted to $736 thousand, down from $890 thousand, indicating a decline in stock-based compensation activity[19]

Third Quarter Comparable Sales Increased 7.5%Third Quarter Gross Margin increased 140 basis points to 35.2%Third Quarter Earnings Per share improved to $0.06 from ($0.12) Fourth Quarter Comparable Sales Guidance up 6.0% - 7.5% LYNNWOOD, Wash., Dec. 05, 2024 (GLOBE NEWSWIRE) -- Zumiez Inc. (NASDAQ: ZUMZ) a leading specialty retailer of apparel, footwear, equipment and accessories for young men and women, today reported results for the third quarter ended November 2, 2024. Net sales for the third quarter ende ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED NOVEMBER 2, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 000-51300 ZUMIEZ INC. (Exact name of registrant as specified in its charter) Washington 91-1040022 (State or other jurisdiction of (I.R.S. Employer incorporation or organizati ...

Zumiez Inc. (ZUMZ) is likely to register an increase in the top line when it reports third-quarter fiscal 2024 results on Dec. 5, after the closing bell. The Zacks Consensus Estimate for quarterly sales is pegged at $222.9 million, indicating an increase of 3% from last year’s actual.The bottom line is also expected to have improved year over year. In the past 30 days, the Zacks Consensus Estimate for third-quarter earnings per share has been stable at 3 cents. The consensus figure implies an improvement fr ...

LYNNWOOD, Wash., Nov. 21, 2024 (GLOBE NEWSWIRE) -- Zumiez Inc. (NASDAQ: ZUMZ) today announced it will report fiscal 2024 third quarter results on Thursday, December 5, 2024, following the closing of regular stock market trading hours. The Company will hold a conference call that day at 5:00 p.m. ET to review the results. To access the conference call, please pre-register using this link (Registration Link). Registrants will receive confirmation with dial-in details. The conference call will also be availabl ...