Why Zumiez Stock Popped Today

Core Viewpoint - Zumiez delivered better-than-expected second-quarter earnings, with shares surging 12.2% following the report [1] Group 1: Financial Performance - Comparable sales increased by 3.6%, driving revenue up 8.1% to $210.2 million, surpassing estimates of $202 million [2] - Gross margin expanded by 250 basis points to 34.2%, reducing the loss per share from $0.44 a year ago to $0.04, which was better than the expected loss of $0.33 [3] - The company expects third-quarter revenue between $221 million and $225 million, reflecting a 2%-4% increase, or a 7%-9% increase when adjusted for the retail calendar shift [5] Group 2: Sales Trends and Outlook - Sales trends showed noticeable acceleration, with July comparable sales in North America increasing in the high single digits [3] - Quarter-to-date comparable sales for the third quarter were up 12.1%, with net sales for the first 30 days up 6.8% [4] - The company anticipates a strong back-to-school season, indicating positive momentum heading into the holiday season [4][6]