Zumiez Reports Improved Q4 Earnings and New Stock Buyback

Zumiez ( (ZUMZ) ) has released its Q4 earnings. Here is a breakdown of the information Zumiez presented to its investors.

Zumiez Inc. is a leading specialty retailer offering apparel, footwear, equipment, and accessories for young men and women, focusing on action sports, streetwear, and unique lifestyles.

Zumiez Inc. reported its fiscal 2024 fourth-quarter results, highlighting a notable improvement in earnings per share and gross margin, despite a slight decline in net sales. The company also announced a new stock repurchase authorization.

Key financial metrics for the fourth quarter included a 5.9% increase in comparable sales and a gross margin rise of 190 basis points to 36.2%. Earnings per share improved significantly to $0.78 from a loss of $1.73 in the previous year. The company also saw a 1.6% increase in total net sales for the fiscal year, with a net loss of $1.7 million, a substantial improvement from the previous year’s loss.

Looking ahead, Zumiez plans to maintain its strategic focus on product and customer engagement initiatives while remaining financially flexible to enhance profitability. The company aims to open new stores and continue its stock repurchase program, reflecting confidence in its ability to navigate challenging market conditions.