Zumiez Inc. (NASDAQ: ZUMZ) Announces Fiscal 2025 First Quarter Results
LYNNWOOD, Wash., June 5, 2025 (GLOBE NEWSWIRE) -- Zumiez Inc., a leading specialty retailer of apparel, footwear, equipment, and accessories for young men and women, has unveiled its financial results for the first quarter ending May 3, 2025.
First Quarter Highlights
Net sales increased by 3.9% to $184.3 million, up from $177.4 million in the same quarter last year. Comparable sales rose 5.5%, while North America saw a 7.4% increase in comparable sales.
The company reported a net loss of $14.3 million, or $0.79 per diluted share, compared to a net loss of $16.8 million, or $0.86 per diluted share, in the previous year. This quarter's results were adversely affected by a legal settlement that cost approximately $2.9 million, equating to $0.13 per share.
Financial Position
As of May 3, 2025, Zumiez held cash and current marketable securities totaling $101.0 million, down from $146.6 million a year earlier, mainly due to share repurchases amounting to $50.4 million and capital expenditures of $14.7 million.
The company repurchased 1.8 million shares at an average cost of $13.82 per share, totaling $25.2 million.
CEO Comments
Rick Brooks, Chief Executive Officer of Zumiez, commented, “Our North American business showed resilience despite increased macroeconomic uncertainty. We have diversified our North America supply chain to reduce exposure to China by year-end. While trade negotiations may impact consumer sentiment, we are confident in our North American momentum.”
May 2025 Sales Overview
For the four-week period ending May 31, 2025, net sales increased by 0.7%, with comparable sales rising by 1.4% year-over-year.
Fiscal 2025 Outlook
Looking ahead, Zumiez projects net sales between $207 million and $214 million for the second quarter, with loss per share estimates ranging from $0.09 to $0.24. This guidance assumes current tariff conditions remain unchanged.
Stock Repurchase Authorization
On June 4, 2025, the Board approved a new stock repurchase program authorizing up to $15 million in common stock buybacks, expected to continue through June 30, 2026.
About Zumiez Inc.
Zumiez is a premier retailer specializing in apparel, footwear, accessories, and hardgoods aimed at youth culture. As of May 31, 2025, the company operates 731 stores across the globe, including 570 in the U.S., and has an online presence at zumiez.com, blue-tomato.com, and fasttimes.com.au.
Safe Harbor Statement
Forward-looking statements are made in accordance with the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties that may cause actual results to differ materially.
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