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ZUMZ Zumiez News Story

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Brief: Zumiez Q2 EPS USD -0.06

Overview

Zumiez fiscal Q2 revenue rises 1.9%, beating analysts' expectations, per LSEG data

Comparable sales for fiscal Q2 up 2.5% year-over-year

Company posted a net loss of $1.0 mln, or $0.06 per share

Outlook

Zumiez projects Q3 net sales between $232 mln and $237 mln

Company expects Q3 comparable sales growth of 5.5% to 7.5%

Zumiez anticipates Q3 EPS of $0.19 to $0.29

Company plans to open 6 new stores in fiscal 2025

Result Drivers

NORTH AMERICA PERFORMANCE - Strong performance in North America with a 4.2% increase in Q2 comparable sales, per CEO Rick Brooks

MERCHANDISE INITIATIVES - Successful merchandise and customer experience initiatives contributed to sales acceleration, according to CEO

BACK-TO-SCHOOL SALES - Third quarter-to-date sales growth led by 11.2% increase in comparable sales during back-to-school period, as stated by CEO

Key Details

MetricBeat/MissActualConsensus Estimate
Q2 SalesBeat$214.28 mln$210.50 mln (3 Analysts)
Q2 EPS-$0.06
Q2 Net Income-$1 mln
Q2 Basic EPS-$0.06
Analyst Coverage The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell" The average consensus recommendation for the apparel & accessories retailers peer group is "buy." Wall Street's median 12-month price target for Zumiez Inc is $14.00, about 25.3% below its September 3 closing price of $17.54 The stock recently traded at 38 times the next 12-month earnings vs. a P/E of 37 three months ago Press Release: ID:nGNX48HZb (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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