Welcome to our dedicated page for Zumiez news (Ticker: ZUMZ), a resource for investors and traders seeking the latest updates and insights on Zumiez stock.
Zumiez Inc. (NASDAQ: ZUMZ) is a leading specialty retailer connecting youth culture with action sports-inspired apparel, footwear, and lifestyle products. This page serves as the definitive source for official company announcements and market-moving developments.
Investors and industry observers will find curated access to earnings reports, management changes, product launches, and strategic initiatives. Our news collection spans financial filings, partnership announcements, store expansions, and brand updates across Zumiez's global operations.
All content is sourced from verified corporate communications and regulatory disclosures, organized chronologically for historical analysis. Key coverage areas include quarterly results, leadership updates, ecommerce developments, and trends impacting the youth apparel market.
Bookmark this page for streamlined tracking of Zumiez's performance in the competitive specialty retail sector. Combine regular visits with SEC filings for comprehensive due diligence.
Zumiez reported a challenging fourth quarter and fiscal year ended January 28, 2023. Net sales for Q4 decreased by 19.2% to $280.1 million, while net income fell to $11.4 million from $38.2 million year-over-year. For the fiscal year, total net sales dropped 19.0% to $958.4 million, and net income significantly decreased to $21.0 million from $119.3 million in the previous year. The company held $173.5 million in cash at the end of January 2023. Zumiez introduced a cautious outlook for Q1 2023, projecting net sales between $178 million and $184 million with expected losses per share between $0.85 and $0.95.
Zumiez Inc. (NASDAQ: ZUMZ) will release its fiscal 2022 fourth quarter and full year financial results on March 9, 2023, after market close. A conference call is scheduled for 5:00 p.m. ET to discuss the findings. Interested parties can register through the provided link to receive dial-in details and access the live webcast on the company's investor relations site. Zumiez operates 758 stores globally, catering to young men and women interested in action sports, streetwear, and related cultures, including various e-commerce sites.
Zumiez Inc. (NASDAQ: ZUMZ) reported a 22.2% decline in net sales for the nine-week period ending December 31, 2022, compared to the previous year. Comparable sales also fell 23.9%, with North America experiencing a 26.7% drop. International sales showed modest growth, increasing by 1.9%. Despite the challenges, the company anticipates fourth-quarter sales will exceed guidance of $258 million to $268 million and earnings per diluted share will be in the range of $0.36 to $0.51. CEO Rick Brooks acknowledged economic pressures affecting consumer spending and competitive pricing.
Zumiez Inc. (NASDAQ: ZUMZ) reported a 17.9% decline in net sales for the third quarter of fiscal 2022, totaling $237.6 million, compared to $289.5 million in the same period last year. Net income dropped to $6.9 million or $0.36 per diluted share, from $30.7 million or $1.25 per share year-over-year. For the nine months ended October 29, 2022, net sales decreased 19.0% to $678.3 million. The company anticipates fourth-quarter sales between $258-265 million, with operating margins of 3.4%-4.7%.
Zumiez Inc. (NASDAQ: ZUMZ) will report its fiscal 2022 third quarter financial results on December 1, 2022, after regular market hours. A conference call to discuss these results is scheduled for 5:00 p.m. ET that same day. Interested parties can register for the call and access a live webcast via the company's investor relations website. Zumiez operates 760 stores globally, focusing on apparel and accessories for youth culture.
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