Zumiez Inc. Announces Fiscal 2025 Third Quarter Results

Rhea-AI Summary

Zumiez (NASDAQ: ZUMZ) reported fiscal Q3 results for the 13 weeks ended November 1, 2025, with net sales of $239.1M (up 7.5%) and comparable sales +7.6%. North America comps rose 10.0%. Q3 net income was $9.2M, or $0.55 diluted EPS (includes ~$0.09 EPS benefit from discrete tax items). Fiscal year-to-date net loss narrowed to $6.2M from $16.5M a year ago. Cash and marketable securities totaled $104.5M on November 1, 2025. The company repurchased 2.7M shares YTD for $38.3M. Q4 guidance: sales $291–296M, operating margin 8.0–8.5%, EPS $0.97–$1.07.

Positive

• Net sales +7.5% to $239.1M in Q3
• Q3 comparable sales +7.6%
• North America comps +10.0% in Q3
• Q3 diluted EPS $0.55 (vs $0.06 prior year)
• Fiscal Q4 guidance EPS $0.97–$1.07

Negative

• Nine-month net loss $6.2M through November 1, 2025
• Settlement cost of $3.6M hit first nine months
• Fiscal year-to-date $38.3M used for share repurchases

Key Figures

Q3 2025 net sales $239.1 million Three months ended November 1, 2025 vs $222.5M in Q3 2024

Q3 diluted EPS $0.55 Up from $0.06 in prior-year Q3; includes $0.09 one-time tax benefit

Q3 comparable sales 7.6% Thirteen weeks ended November 1, 2025, on top of 7.5% growth last year

Q4 EPS guidance $0.97 to $1.07 Projected earnings per diluted share for quarter ending January 31, 2026

Cash & marketable securities $104.5 million As of November 1, 2025 vs $99.3 million on November 2, 2024

Wage lawsuit impact $3.6 million Negative impact on first nine months of fiscal 2025 net results

YTD share repurchases 2.7 million shares / $38.3 million Fiscal year-to-date through November 1, 2025 at $14.18 average price

Store count 728 stores As of November 29, 2025 across US, Canada, Europe and Australia

Market Reality Check

$27.75 Last Close

Volume Volume 400,627 is 2.06x the 20-day average of 194,561, indicating elevated trading interest pre‑news. high

Technical Price 27.75 is trading above the 200-day MA at 16.26, reflecting a strong pre‑news uptrend.

Peers on Argus

ZUMZ gained 5.96% with strong volume, while key peers showed mixed moves: LE (+5.63%), CAL (+5.12%), SCVL (+5.81%), GES (+0.18%), and GCO (-0.98%). With no peers in the momentum scanner, the reaction appears stock‑specific to Zumiez’s results.

Common Catalyst Earnings-related news also appeared at peer Genesco (GCO), but broader sector momentum was not confirmed by the scanner.

Historical Context

Date	Event	Sentiment	Move	Catalyst
Nov 20	Earnings date notice	Neutral	-0.9%	Announcement of scheduled Q3 2025 earnings release and conference call.
Sep 04	Q2 2025 earnings	Positive	+15.5%	Q2 sales growth, positive comps and stronger Q3 sales outlook guidance.
Aug 21	Earnings date notice	Neutral	+2.6%	Scheduling of Q2 2025 earnings release and providing updated store count.
Jun 05	Q1 2025 earnings	Negative	-9.9%	Q1 net loss and legal settlement despite improving sales and comps.

Pattern Detected

Across recent earnings and scheduling announcements, ZUMZ has mostly moved in the same direction as the apparent news tone, with strong positive reactions to constructive earnings updates and negative moves on weaker quarters.

Recent Company History

Over the past six months, Zumiez has reported a series of updates showing gradual operational improvement. Q1 2025 results on Jun 05 still showed a net loss and the stock fell 9.95%. By Q2 2025 on Sep 04, sales and comps improved and the stock rose 15.5%. Interim notices about upcoming earnings dates on Aug 21 and Nov 20 produced modest moves. Today’s strong Q3 profitability and comps build directly on that improving trajectory.

Regulatory & Risk Context

Short Interest

6.15%

0% 15% 30%+

moderate

Short interest at 6.15% of float with 5.46 days to cover indicates a moderately shorted stock, which can amplify reactions to strong earnings updates in either direction.

Market Pulse Summary

This announcement highlighted Zumiez’s best third quarter in several years, with net sales of $239.1 million, diluted EPS of $0.55, and comparable sales up 7.6%. Management also issued Q4 guidance calling for continued growth and solid operating margins. Recent history shows a shift from larger losses toward improved profitability. Investors may focus on sustainability of comps, the impact of past legal settlements, and execution against the Q4 outlook.

Key Terms

comparable sales financial

"Third Quarter Comparable Sales Increased 7.6%"

"Comparable sales" are the total sales from stores or products that have been open for a certain period, usually the same time last year or last quarter. They help show whether a business is growing by comparing similar locations or products over time, much like checking if your favorite store's sales are going up compared to previous years.

gross margin financial

"strong full price selling drove meaningful gross margin expansion"

Gross margin is the difference between how much money a company makes from selling its products and how much it costs to produce them, expressed as a percentage of sales. It shows how efficiently a company is turning sales into profit before other expenses like marketing or salaries. Higher gross margin means the company keeps more money from each sale, which is a good sign of financial health.

operating margins financial

"Consolidated operating margins are expected to be between 8.0% and 8.5%"

Operating margins show how much profit a company makes from its core business activities after covering the costs directly related to those activities. It is calculated by dividing operating profit by total revenue, expressed as a percentage. This measure helps investors understand how efficiently a company is managing its operations and generating profit from its main activities.

diluted earnings per share financial

"resulting in earnings per diluted share of approximately $0.97 to $1.07"

Diluted earnings per share is a measure of a company's profit allocated to each share of stock, taking into account all possible shares that could be created through stock options, convertible bonds, or other securities. It shows the lowest possible earnings per share if all these potential shares were issued, helping investors understand the worst-case scenario for their ownership. This figure matters because it provides a more conservative view of a company's profitability per share.

share repurchases financial

"partially offset by $38.3 million related to share repurchases"

Share repurchases occur when a company buys back its own shares from the open market. This process reduces the total number of shares available, which can increase the value of each remaining share and signal confidence in the company's future. For investors, share repurchases can be a sign that the company believes its stock is undervalued and may lead to higher share prices.

stock repurchase program financial

"A new $15 million stock repurchase program was approved through June 2026"

A stock repurchase program is when a company buys back its own shares from the market. This can make each remaining share more valuable and shows that the company believes its stock is a good investment. It’s like a business treating its shares like a limited resource, hoping to boost confidence and share prices.

right-of-use assets technical

"Operating lease right-of-use assets | | 194,742"

Right-of-use assets are the rights a company gains to use a physical space or equipment under a lease agreement. They are recorded as assets on the company's balance sheet, reflecting the value of future benefits from the leased item. For investors, these assets provide a clearer picture of a company's obligations and resources related to leasing arrangements, helping to assess its financial health and operational commitments.

forward-looking statements regulatory

"may constitute forward-looking statements for purposes of the safe harbor"

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

AI-generated analysis. Not financial advice.

Third Quarter Earnings Per Share Increased to $0.55 from $0.06 last year
Third Quarter Comparable Sales Increased 7.6%
North American Third Quarter Comparable Sales Increased 10.0%
Fourth Quarter To-Date Comparable Sales Up 6.6%

LYNNWOOD, Wash., Dec. 04, 2025 (GLOBE NEWSWIRE) -- Zumiez Inc. (NASDAQ: ZUMZ) a leading specialty retailer of apparel, footwear, equipment and accessories for young men and women, today reported results for the third quarter ended November 1, 2025.

Net sales for the third quarter ended November 1, 2025 (13 weeks) increased 7.5% to $239.1 million from $222.5 million in the third quarter ended November 2, 2024 (13 weeks).   Comparable sales for the thirteen weeks ended November 1, 2025, increased 7.6% on top of a 7.5% increase in the year ago period. Net income in the third quarter of fiscal 2025 was $9.2 million, or $0.55 per share, compared to net income of $1.2 million, or $0.06 per share, in the third quarter of the prior fiscal year. In the third quarter of fiscal 2025 we benefitted from one-time discrete tax items which increased diluted earnings per share by approximately $0.09.

Total net sales for the nine months (39 weeks) ending November 1, 2025 increased 4.5% to $637.7 million from $610.0 million reported for the nine months (39 weeks) ending November 2, 2024. Comparable sales increased 5.3% for the thirty-nine weeks ended November 1, 2025. Net loss for the first nine months of fiscal 2025 was $6.2 million, or $0.36 per share, compared to a net loss for the first nine months of fiscal 2024 of $16.5 million, or $0.86 per share. The first nine months of 2025 was negatively impacted by $3.6 million, or approximately $0.15 per share related to the settlement of a wage and hours lawsuit in California.

On November 1, 2025, the Company had cash and current marketable securities of $104.5 million compared to cash and current marketable securities of $99.3 million on November 2, 2024. The increase was primarily driven by $50.5 million of cash flow from operations and the release of $3.0 million in restricted cash, partially offset by $38.3 million related to share repurchases and $12.5 million of capital expenditures. The Company repurchased 0.3 million shares during the third quarter of 2025 at an average cost including commission of $18.61 per share and a total cost of $5.4 million. Fiscal year-to-date through November 1, 2025, the Company has repurchased 2.7 million shares at an average cost including commission of $14.18 per share and a total cost of $38.3 million. $1.7 million remains on the current open repurchase authorization.

“We achieved our best third quarter in several years,” said Rick Brooks, Chief Executive Officer of Zumiez Inc. “High-single digit comparable sales growth and strong full price selling drove meaningful gross margin expansion, which combined with good expense management, resulted in a significant improvement in profitability. The work we have done enhancing our brand and merchandise assortments continues to resonate with our consumers, especially in North America, evidenced by the sharp sequential increase in the region’s comparable sales trends to double digits. Importantly, the holiday season is off to a strong start with overall comps up 6.6% fourth quarter-to-date and up 8.7% over the Black Friday to Cyber Monday timeframe. While the overall consumer environment remains choppy, we are encouraged by the pace of our business and are increasingly confident in delivering a solid finish to fiscal 2025 and building on our progress next year.”

Fourth Quarter To-Date

Fourth quarter-to-date total sales for the 31 days ending December 2, 2025 increased 7.5%, compared with the same 31-day period in the prior year ended December 3, 2024. Total comparable sales for the 31-day period ending December 2, 2025, increased 6.6% from the comparable period in the prior year.

Fiscal 2025 Fourth Quarter Outlook

The Company is introducing guidance for the three months ending January 31, 2026. Net sales are projected to be in the range of $291 to $296 million representing sales growth of 4.0% to 6.0%. Consolidated operating margins are expected to be between 8.0% and 8.5% resulting in earnings per diluted share of approximately $0.97 to $1.07.

The Company opened 6 new stores in fiscal 2025, including 5 stores in North America and 1 store in Australia.

Conference call Information

To access the conference call, please pre-register using this link (Registration Link). Registrants will receive confirmation with dial-in details. The conference call will also be available to interested parties through a live webcast at https://ir.zumiez.com. To avoid delays, we encourage participants to dial into the conference call fifteen minutes ahead of the scheduled start time. A replay of the webcast will also be available for a limited time at https://ir.zumiez.com.

About Zumiez Inc.

Zumiez is a leading specialty retailer of apparel, footwear, accessories and hardgoods for young men and women who want to express their individuality through the fashion, music, art and culture of action sports, streetwear, and other unique lifestyles. As of November 29, 2025, we operated 728 stores, including 569 in the United States, 46 in Canada, 85 in Europe and 28 in Australia. We operate under the names Zumiez, Blue Tomato and Fast Times. Additionally, we operate ecommerce web sites at zumiez.com, blue-tomato.com and fasttimes.com.au.

Safe Harbor Statement

Certain statements in this press release and oral statements relating thereto made from time to time by representatives of the Company may constitute forward-looking statements for purposes of the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. These statements include, without limitation, predictions and guidance relating to the Company's future financial performance, brand and product category diversity, ability to adjust product mix, integration of acquired businesses, growing customer demand for our products and new store openings. In some cases, you can identify forward-looking statements by terminology such as, "may," "should," "expects," "plans," "anticipates," "believes," "estimates," "predicts," "potential," "continue," or the negative of these terms or other comparable terminology. These forward-looking statements are based on management's current expectations, but they involve a number of risks and uncertainties. Actual results and the timing of events could differ materially from those anticipated in the forward-looking statements as a result of risks and uncertainties, which include, without limitation, those described in the Company’s annual report on Form 10-K for the fiscal year ended February 1, 2025 as filed with the Securities and Exchange Commission and available at www.sec.gov. You are urged to consider these factors carefully in evaluating the forward-looking statements herein and are cautioned not to place undue reliance on such forward-looking statements, which are qualified in their entirety by this cautionary statement. The forward-looking statements speak only as of the date on which they are made, and the Company undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.

ZUMIEZ INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (In thousands, except per share amounts) (Unaudited)
	Three Months Ended
	November 1, 2025				% of Sales			November 2, 2024				% of Sales
Net sales	$	239,132			100.0	%		$	222,475			100.0	%
Cost of goods sold		149,329			62.4	%			144,161			64.8	%
Gross profit		89,803			37.6	%			78,314			35.2	%
Selling, general and administrative expenses		78,030			32.7	%			75,946			34.1	%
Operating profit		11,773			4.9	%			2,368			1.1	%
Interest income, net		881			0.3	%			1,013			0.4	%
Other expense, net		(265	)		0.0	%			(217	)		0.0	%
Profit, before income taxes		12,389			5.2	%			3,164			1.5	%
Provision for income taxes		3,229			1.4	%			2,005			0.9	%
Net income	$	9,160			3.8	%		$	1,159			0.6	%
Basic earnings per share	$	0.57						$	0.06
Diluted earnings per share	$	0.55						$	0.06
Weighted average shares used in computation of earnings per share
Basic		16,205							18,463
Diluted		16,653							18,881
	Nine Months Ended
	November 1, 2025				% of Sales			November 2, 2024				% of Sales
Net sales	$	637,749			100.0	%		$	610,042			100.0	%
Cost of goods sold		416,613			65.3	%			408,035			66.9	%
Gross profit		221,136			34.7	%			202,007			33.1	%
Selling, general and administrative expenses		229,128			36.0	%			220,187			36.0	%
Operating loss		(7,992	)		-1.3	%			(18,180	)		-2.9	%
Interest income, net		3,889			0.6	%			3,463			0.4	%
Other income (expense), net		1,630			0.3	%			(1,163	)		0.0	%
Loss, before income taxes		(2,473	)		-0.4	%			(15,880	)		-2.5	%
Provision for income taxes		3,700			0.6	%			587			0.1	%
Net loss	$	(6,173	)		-1.0	%		$	(16,467	)		-2.6	%
Basic loss per share	$	(0.36	)					$	(0.86	)
Diluted loss per share	$	(0.36	)					$	(0.86	)
Weighted average shares used in computation of loss per share:
Basic		17,002							19,070
Diluted		17,002							19,070

ZUMIEZ INC. CONDENSED CONSOLIDATED BALANCE SHEETS (In thousands)
	November 1, 2025					February 1, 2025						November 2, 2024
	(Unaudited)											(Unaudited)
Assets
Current assets
Cash and cash equivalents	$	80,140				$	112,668					$	48,542
Marketable securities		24,327					34,890						50,760
Receivables		13,762					12,825						14,927
Inventories		180,729					146,648						187,230
Prepaid expenses and other current assets		16,071					15,354						16,923
Total current assets		315,029					322,385						318,382
Fixed assets, net		74,072					80,178						84,783
Operating lease right-of-use assets		194,742					183,235						192,721
Goodwill		15,367					15,258						15,376
Intangible assets, net		14,962					13,577						14,224
Deferred tax assets, net		6,845					8,684						8,553
Other long-term assets		12,093					11,564						11,935
Total long-term assets		318,081					312,496						327,592
Total assets	$	633,110				$	634,881					$	645,974
Liabilities and Shareholders’ Equity
Current liabilities
Trade accounts payable	$	72,536				$	49,389					$	72,537
Accrued payroll and payroll taxes		21,812					21,962						18,965
Operating lease liabilities		54,369					56,009						59,084
Other current liabilities		24,071					28,154						19,527
Total current liabilities		172,788					155,514						170,113
Long-term operating lease liabilities		154,687					143,812						151,981
Other long-term liabilities		7,093					6,578						6,792
Total long-term liabilities		161,780					150,390						158,773
Total liabilities		334,568					305,904						328,886
Shareholders’ equity
Preferred stock, no par value, 20,000 shares authorized; none issued and outstanding		—					—						—
Common stock, no par value, 50,000 shares authorized; 16,950 shares issued and outstanding at November 1, 2025 and 19,159 shares issued and outstanding at February 1, 2025		209,544					203,581						201,853
Accumulated other comprehensive loss		(15,403		)			(23,778			)			(19,185	)
Retained earnings		104,401					149,174						134,420
Total shareholders’ equity		298,542					328,977						317,088
Total liabilities and shareholders’ equity	$	633,110				$	634,881					$	645,974

ZUMIEZ INC. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (In thousands) (Unaudited)
	Nine Months Ended
	November 1, 2025				November 2, 2024
Cash flows from operating activities:
Net loss	$	(6,173	)		$	(16,467	)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation, amortization and accretion		15,996				16,507
Noncash lease expense		47,757				48,424
Deferred taxes		1,871				(324	)
Stock-based compensation expense		5,444				5,110
Impairment of long-lived assets		1,254				535
Other		(347	)			1,378
Changes in operating assets and liabilities:
Receivables		2,668				484
Inventories		(30,590	)			(59,401	)
Prepaid expenses and other assets		(3,635	)			(152	)
Trade accounts payable		22,133				31,956
Accrued payroll and payroll taxes		(705	)			540
Income taxes payable		(3,575	)			(578	)
Operating lease liabilities		(52,492	)			(55,565	)
Other liabilities		(3,801	)			(6,437	)
Net cash used in operating activities		(4,195	)			(33,990	)
Cash flows from investing activities:
Additions to fixed assets		(7,536	)			(10,012	)
Purchases of marketable securities		(12,114	)			(1,967	)
Sales and maturities of marketable securities and other investments		24,714				34,077
Net cash provided by investing activities		5,064				22,098
Cash flows from financing activities:
Proceeds from revolving credit facilities		6,894				3,220
Payments on revolving credit facilities		(6,894	)			(3,220	)
Proceeds from the issuance and exercise of stock-based awards		711				736
Payments for tax withholdings on equity awards		(192	)			(130	)
Repurchase of common stock, including taxes		(38,253	)			(25,206	)
Net cash used in financing activities		(37,734	)			(24,600	)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash		1,362				(242	)
Net decrease in cash, cash equivalents, and restricted cash		(35,503	)			(36,734	)
Cash, cash equivalents, and restricted cash, beginning of period		121,529				94,284
Cash, cash equivalents, and restricted cash, end of period	$	86,026			$	57,550
Supplemental disclosure on cash flow information:
Cash paid during the period for income taxes	$	5,747			$	1,961
Accrual for purchases of fixed assets		692				2,218
Accrual for repurchase of common stock		347				-

Company Contact:
Darin White
Director of Finance &
Investor Relations
Zumiez Inc.
(425) 551-1500, ext. 1337

Investor Contact:
ICR
Brendon Frey
(203) 682-8200

FAQ

What were Zumiez (ZUMZ) third quarter 2025 sales and EPS results?

Q3 net sales were $239.1M (up 7.5%) and diluted EPS was $0.55.

How much did Zumiez (ZUMZ) comparable sales grow in Q3 2025?

Total comparable sales increased 7.6% for the 13 weeks ended November 1, 2025.

What guidance did Zumiez (ZUMZ) give for fiscal Q4 ending January 31, 2026?

Zumiez guided $291–296M in sales, operating margin 8.0–8.5%, and EPS $0.97–$1.07.

How much cash and marketable securities did Zumiez (ZUMZ) report on November 1, 2025?

Cash and current marketable securities totaled $104.5M on November 1, 2025.

How many shares has Zumiez (ZUMZ) repurchased in fiscal 2025 and at what cost?

Fiscal year-to-date repurchases were 2.7M shares for a total cost of $38.3M.

Did Zumiez (ZUMZ) report any one-time items affecting Q3 2025 EPS?

Yes; one-time discrete tax items increased diluted EPS by approximately $0.09.