Zumiez Q1 sales beat analyst estimates on North America, Europe growth
Zumiez Q1 sales beat analyst estimates on North America, Europe growth
Overview
U.S. specialty apparel retailer's fiscal Q1 net sales rose 4.9%, beating analyst expectations
Comparable sales rose 4.0% in fiscal Q1, with strength in North America and Europe
Company posted net loss for fiscal Q1; repurchased 0.3 mln shares for $6.2 mln
Outlook
Zumiez projects Q2 net sales between $210 mln and $215 mln
Company expects Q2 EPS between a loss of $0.23 and a loss of $0.08
Zumiez plans to open 5 new stores and close 26 stores in fiscal 2026
Result Drivers
NORTH AMERICA AND EUROPE GROWTH - Co said Q1 comparable sales rose mid-single digits, driven by ongoing strength in North America and strong comps in Europe
MERCHANDISE AND CUSTOMER INITIATIVES - Positive U.S. sales trends attributed to recent merchandise assortments and customer experience initiatives, per CEO Rick Brooks
EUROPEAN FULL-PRICE MODEL - Efforts to replicate full-price selling model in Europe contributed to year-over-year improvements in sales and margin
Company press release: ID:nGNX8llg5d
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q1 Sales | Beat | $193.35 mln | $191.03 mln (3 Analysts) |
Q1 EPS |
| -$0.82 |
|
Q1 Net Income |
| -$13.27 mln |
|
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 $24.00, about 3.9% above its June 3 closing price of $23.11
The stock recently traded at 21 times the next 12-month earnings vs. a P/E of 23 three months ago
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(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.)