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Zumiez(ZUMZ) - 2025 Q4 - Annual Results
ZUMZZumiez(ZUMZ)2025-03-13 20:15

Financial Performance - Fourth quarter comparable sales increased by 5.9%, while net sales decreased by 0.9% to 279.2millioncomparedto279.2 million compared to 281.8 million in the same quarter last year[2]. - Fourth quarter gross margin improved by 190 basis points to 36.2%, with net income rising to 14.8million,or14.8 million, or 0.78 per share, from a net loss of 33.5million,or33.5 million, or 1.73 per share, in the prior year[2][3]. - For the fiscal year ended February 1, 2025, total net sales increased by 1.6% to 889.2million,withcomparablesalesupby4.0889.2 million, with comparable sales up by 4.0%[3]. - The company reported a net loss of 1.7 million, or 0.09pershare,forfiscal2024,comparedtoanetlossof0.09 per share, for fiscal 2024, compared to a net loss of 62.6 million, or 3.25pershare,infiscal2023[3][14].−ZumiezInc.reportedanetlossof3.25 per share, in fiscal 2023[3][14]. - Zumiez Inc. reported a net loss of 1.713 million for the fiscal year ended February 1, 2025, compared to a net loss of 62.610millionforthepreviousyear[18].CashandInvestments−Thecompanyhadcashandcurrentmarketablesecuritiesof62.610 million for the previous year[18]. Cash and Investments - The company had cash and current marketable securities of 147.6 million as of February 1, 2025, down from 171.6millionayearearlier,primarilyduetosharerepurchasesandcapitalexpenditures[4].−Cashflowsfromoperatingactivitiesprovided171.6 million a year earlier, primarily due to share repurchases and capital expenditures[4]. - Cash flows from operating activities provided 20.701 million, an increase from 14.755millionintheprioryear[19].−Netcashprovidedbyinvestingactivitieswas14.755 million in the prior year[19]. - Net cash provided by investing activities was 32.602 million, a significant improvement from a net cash used of 8.548millioninthepreviousyear[19].−Theendingcash,cashequivalents,andrestrictedcashbalancewas8.548 million in the previous year[19]. - The ending cash, cash equivalents, and restricted cash balance was 121.529 million, up from 94.284millionatthebeginningoftheperiod[19].−Cashpaidforincometaxesduringtheperiodwas94.284 million at the beginning of the period[19]. - Cash paid for income taxes during the period was 2.490 million, compared to 2.065millioninthepreviousyear[19].InventoryandReceivables−Thecompanyexperiencedadecreaseininventoriesby2.065 million in the previous year[19]. Inventory and Receivables - The company experienced a decrease in inventories by 21.687 million, while receivables increased by 1.533million[19].StoreOperationsandExpansion−Zumiezoperates729storesasofMarch1,2025,including569intheUnitedStates,46inCanada,87inEurope,and27inAustralia[11].−Zumiezplanstoopenapproximately9newstoresinfiscal2025,includingupto6inNorthAmerica,2inEurope,and1inAustralia[7].StockandShareholderActions−Theboardapprovedanewstockrepurchaseauthorizationofupto1.533 million[19]. Store Operations and Expansion - Zumiez operates 729 stores as of March 1, 2025, including 569 in the United States, 46 in Canada, 87 in Europe, and 27 in Australia[11]. - Zumiez plans to open approximately 9 new stores in fiscal 2025, including up to 6 in North America, 2 in Europe, and 1 in Australia[7]. Stock and Shareholder Actions - The board approved a new stock repurchase authorization of up to 25 million, expected to continue through March 31, 2026[8][9]. - Zumiez Inc. repurchased common stock amounting to 25.206millionduringthefiscalyear[19].ImpairmentsandExpenses−Thecompanyrecordedanimpairmentofgoodwillandlong−livedassetstotaling25.206 million during the fiscal year[19]. Impairments and Expenses - The company recorded an impairment of goodwill and long-lived assets totaling 1.473 million, a significant decrease from 43.904millionintheprioryear[18].−Depreciation,amortization,andaccretionexpenseswere43.904 million in the prior year[18]. - Depreciation, amortization, and accretion expenses were 22.160 million, slightly down from 22.763million[18].−Thecompanyreportedaforeigncurrencytransactionlossof22.763 million[18]. - The company reported a foreign currency transaction loss of 2.145 million, compared to a minimal loss of 25inthepreviousyear[18].FutureProjections−ThecompanyprojectsnetsalesforthefirstquarterendingMay3,2025,tobeintherangeof25 in the previous year[18]. Future Projections - The company projects net sales for the first quarter ending May 3, 2025, to be in the range of 179 to 183million,withexpectedearningspersharelossesbetween183 million, with expected earnings per share losses between 0.72 and $0.82[7]. - First quarter-to-date comparable sales increased by 4.3%, led by a 6.4% increase in North America, while other international comparable sales decreased by 3.7%[6].