The earnings call reflects a mixed sentiment. While Zumiez shows some positive trends such as improved sequential sales, strong international growth, and a robust financial position, these are overshadowed by challenges in North America, an overall decline in net sales, an operating loss, and expected continued pressure on margins.

Company Guidance

During the earnings call for Zumiez Inc. on November 30, 2023, the company provided guidance reflecting both challenges and gradual improvements in their financial performance. Zumiez reported a third-quarter net sales decline of 8.9% year-over-year, with comparable sales down 9.2%. Despite this, sales trends showed sequential improvement, with sales down 70% in Q1, 12% in Q2, and 9% in Q3, and fourth-quarter-to-date sales down 4.6% compared to the previous year. The men's category outperformed others, with positive comparable sales in the fourth quarter to date, while footwear showed a marked improvement. Gross profit decreased to $73.2 million with a gross margin of 33.8%, down 70 basis points from last year, mainly due to lower sales volume impacting fixed cost leverage. Zumiez anticipates fourth-quarter sales to range between $275 million and $281 million, factoring in a 53rd week, and expects product margins to decline by approximately 110 basis points. Despite the challenging environment, Zumiez remains confident in its strategic priorities and cost management to navigate current challenges and position for future growth.

Sequential Improvement in Sales

Sales trends showed sequential improvement with Q3 sales down 9% compared to 12% in Q2 and 17% in Q1. Fourth quarter-to-date sales were down 4.6% year-over-year, with Black Friday and Cyber Monday sales down only 1.4%.

Strong Financial Position

Zumiez ended the quarter with $135.8 million in cash and no debt, reflecting a strong financial position despite challenges.

Growth in International Markets

International net sales, particularly in Europe, increased by 11.1%, indicating growth outside the North American market.

Positive Trends in Men's and Footwear Categories

Men's category showed low single-digit decline, reflecting better performance compared to other categories. Footwear trends improved in Q4, driven by new full-price products.

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Zumiez (ZUMZ) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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ZUMZ Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Sep 06, 2018	2018 (Q2)	- / 0.17	-0.02	950.00% (+0.19)	―	―
Dec 06, 2018	2018 (Q3)	- / 0.55	0.48	14.58% (+0.07)	―	―
Mar 14, 2019	2018 (Q4)	- / 1.18	0.8	47.50% (+0.38)	―	―
Jun 06, 2019	2019 (Q1)	- / 0.03	-0.1	130.00% (+0.13)	―	―
Sep 05, 2019	2019 (Q2)	- / 0.36	0.17	111.76% (+0.19)	―	―
Dec 05, 2019	2019 (Q3)	- / 0.75	0.55	36.36% (+0.20)	―	―
Mar 12, 2020	2019 (Q4)	- / 1.48	1.18	25.42% (+0.30)	―	―
Jun 04, 2020	2020 (Q1)	- / -0.83	0.03	-2883.33% (-0.86)	―	―
Sep 10, 2020	2020 (Q2)	- / 1.01	0.36	180.56% (+0.65)	―	―
Dec 03, 2020	2020 (Q3)	- / 1.16	0.75	54.67% (+0.41)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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ZUMZ Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Dec 05, 2024	$20.16	$22.34	+10.81%
Sep 05, 2024	$25.67	$26.69	+3.97%
Jun 06, 2024	$19.30	$18.75	-2.85%
Mar 14, 2024	$14.73	$13.60	-7.67%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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