Zumiez Inc. Announces Fiscal 2026 First Quarter Results
Rhea-AI Summary
Zumiez (NASDAQ: ZUMZ) reported fiscal 2026 Q1 net sales of $193.3 million, up 4.9% year over year, with comparable sales up 4.0%. Net loss was $13.3 million or -$0.82 per share, versus a $14.3 million loss or -$0.79 per share.
Gross margin improved to 31.7% from 30.0%, and operating loss narrowed to $15.2 million. Cash and current marketable securities totaled $124.2 million. For Q2 2026, Zumiez guides net sales of $210–$215 million and EPS between -$0.23 and -$0.08, and plans about 5 openings and 26 closures in fiscal 2026.
Positive
- Net sales increased 4.9% year over year to $193.3 million
- Comparable sales grew 4.0% for the quarter
- Gross margin expanded to 31.7% from 30.0%
- Operating loss improved to $15.2 million from $19.9 million
- Cash and current marketable securities rose to $124.2 million from $101.0 million
- Repurchased 0.3 million shares for approximately $6.2 million in Q1 2026
Negative
- Net loss remained high at $13.3 million, or -$0.82 per share
- Operating activities used $28.1 million of cash in Q1 2026
- May 2026 comparable sales declined 0.1%, with North America comps down 1.5%
- Q2 2026 EPS guidance implies another quarterly loss of $0.23 to $0.08 per share
- Plan to close roughly 26 stores in fiscal 2026, including 20 in North America
News Market Reaction – ZUMZ
In the Jun 5 session, ZUMZ declined 25.94%, reflecting a significant negative market reaction. Argus tracked a trough of -33.1% from its starting point during tracking. Our momentum scanner triggered 8 alerts that day, indicating moderate trading interest and price volatility.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| May 21 | Earnings date notice | Neutral | +2.0% | Announcement of Q1 FY2026 results date and conference call details. |
| Mar 12 | Q4/FY2025 earnings | Positive | -8.6% | Q4 growth with higher EPS and new buyback authorization, but shares fell. |
| Feb 26 | Earnings date notice | Neutral | -2.4% | Scheduled Q4/FY2025 release and call, plus updated store count disclosure. |
| Jan 12 | Holiday sales update | Neutral | -7.3% | Holiday comps up but sales guidance trimmed, EPS guidance raised slightly. |
| Dec 04 | Q3 2025 earnings | Positive | +12.3% | Strong Q3 comps, higher margins and improved year-to-date loss profile. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Recent fundamental beats or solid quarters have sometimes been met with negative or muted reactions, indicating cautious sentiment even on improving metrics.
Over the last six months, Zumiez has reported several key updates, including strong Q3 2025 results with $239.1M in net sales and a positive 12.33% price reaction, followed by softer reactions to holiday sales and Q4 2025 earnings despite improving guidance and profitability. Announcement of the Q1 2026 earnings date in May 2026 produced only modest share moves. Today’s Q1 report, showing higher sales but an ongoing loss, fits this pattern of gradual operational improvement against a cautious market backdrop.
Key Terms
comparable sales financial
form 10-k regulatory
AI-generated analysis. How Rhea-AI works. Not financial advice.
First Quarter Comparable Sales Increased
Operating Loss Improved to
LYNNWOOD, Wash., June 04, 2026 (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 first quarter ended May 2, 2026.
Net sales for the first quarter ended May 2, 2026 (13 weeks) increased
On May 2, 2026, the Company had cash and current marketable securities of
“We continue to make important progress towards sustained profitable growth,” said Rick Brooks, Chief Executive Officer of Zumiez Inc. “First quarter comparable sales increased mid-single digits for the second consecutive year driven by ongoing strength in our North American business and strong mid-single digit comps in Europe. Sales trends in the U.S. remained nicely positive during the quarter despite increasing pressure on consumers, underscoring the success of our recent merchandise assortments and customer experience initiatives. While still in the early innings, the work we are doing to replicate our full-price selling model in Europe is gaining traction, contributing to year-over-year improvements in sales and margin. Despite some softness in North America during the May period, we are encouraged that we have been able to grow sales and margin through the challenges in the macro environment and feel we are well positioned to capitalize during the key back-to-school and holiday seasons when the consumer has a reason to come out and shop.”
May 2026 Sales
Net sales for the four-week period ended May 30, 2026, increased
Fiscal 2026 Second Quarter Outlook
The Company is introducing guidance for the three months ending August 1, 2026. Net sales are projected to be in the range of
In fiscal 2026 the Company currently intends to open approximately 5 new stores all located in North America and close roughly 26 stores, including 20 in North America and 6 internationally.
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 May 30, 2026, we operated 715 stores, including 560 in the United States, 45 in Canada, 83 in Europe and 27 in Australia. We operate under the names Zumiez, Blue Tomato and Fast Times. Additionally, we operate ecommerce web sites at zumiez.com, zumiez.ca, 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 LOSS (In thousands, except per share amounts) (Unaudited) | ||||||||||||||
| Three Months Ended | ||||||||||||||
| May 2, 2026 | % of Sales | May 3, 2025 | % of Sales | |||||||||||
| Net sales | $ | 193,348 | 100.0 | % | $ | 184,343 | 100.0 | % | ||||||
| Cost of goods sold | 132,005 | 68.3 | % | 129,028 | 70.0 | % | ||||||||
| Gross profit | 61,343 | 31.7 | % | 55,315 | 30.0 | % | ||||||||
| Selling, general and administrative expenses | 76,535 | 39.6 | % | 75,187 | 40.8 | % | ||||||||
| Operating loss | (15,192 | ) | -7.9 | % | (19,872 | ) | -10.8 | % | ||||||
| Interest income, net | 849 | 0.5 | % | 2,255 | 1.2 | % | ||||||||
| Other (expense) income, net | (112 | ) | -0.1 | % | 1,844 | 1.0 | % | |||||||
| Loss, before income taxes | (14,455 | ) | -7.5 | % | (15,773 | ) | -8.6 | % | ||||||
| Benefit from income taxes | (1,189 | ) | -0.6 | % | (1,443 | ) | -0.8 | % | ||||||
| Net loss | $ | (13,266 | ) | -6.9 | % | $ | (14,330 | ) | -7.8 | % | ||||
| Basic loss per share | $ | (0.82 | ) | $ | (0.79 | ) | ||||||||
| Diluted loss per share | $ | (0.82 | ) | $ | (0.79 | ) | ||||||||
| Weighted average shares used in computation of earnings per share | ||||||||||||||
| Basic | 16,205 | 18,116 | ||||||||||||
| Diluted | 16,205 | 18,116 | ||||||||||||
| ZUMIEZ INC. CONDENSED CONSOLIDATED BALANCE SHEETS (In thousands) | ||||||||||||
| May 2, 2026 | January 31, 2026 | May 3, 2025 | ||||||||||
| (Unaudited) | (Unaudited) | |||||||||||
| Assets | ||||||||||||
| Current assets | ||||||||||||
| Cash and cash equivalents | $ | 66,918 | $ | 127,860 | $ | 62,519 | ||||||
| Marketable securities | 57,242 | 32,764 | 38,443 | |||||||||
| Receivables | 14,147 | 13,957 | 14,839 | |||||||||
| Inventories | 153,189 | 146,995 | 149,864 | |||||||||
| Prepaid expenses and other current assets | 15,085 | 14,407 | 15,525 | |||||||||
| Total current assets | 306,581 | 335,983 | 281,190 | |||||||||
| Fixed assets, net | 70,473 | 72,813 | 79,703 | |||||||||
| Operating lease right-of-use assets | 190,805 | 185,604 | 185,901 | |||||||||
| Goodwill | 15,589 | 15,519 | 15,329 | |||||||||
| Intangible assets, net | 15,411 | 15,513 | 14,665 | |||||||||
| Deferred tax assets, net | 7,621 | 6,349 | 10,215 | |||||||||
| Other long-term assets | 12,259 | 12,390 | 12,097 | |||||||||
| Total long-term assets | 312,158 | 308,188 | 317,910 | |||||||||
| Total assets | $ | 618,739 | $ | 644,171 | $ | 599,100 | ||||||
| Liabilities and Shareholders’ Equity | ||||||||||||
| Current liabilities | ||||||||||||
| Trade accounts payable | $ | 56,208 | $ | 49,150 | $ | 48,981 | ||||||
| Accrued payroll and payroll taxes | 17,659 | 28,221 | 16,563 | |||||||||
| Operating lease liabilities | 55,824 | 54,023 | 54,388 | |||||||||
| Other current liabilities | 27,767 | 36,136 | 26,943 | |||||||||
| Total current liabilities | 157,458 | 167,530 | 146,875 | |||||||||
| Long-term operating lease liabilities | 148,009 | 145,306 | 147,398 | |||||||||
| Other long-term liabilities | 7,407 | 7,050 | 6,349 | |||||||||
| Total long-term liabilities | 155,416 | 152,356 | 153,747 | |||||||||
| Total liabilities | 312,874 | 319,886 | 300,622 | |||||||||
| Shareholders’ equity | ||||||||||||
| Preferred stock, no par value, 20,000 shares authorized; none issued and outstanding | — | — | — | |||||||||
| Common stock, no par value, 50,000 shares authorized; 17,032 shares issued and outstanding at May 2, 2026, 16,971 shares issued and outstanding at January 31, 2026, and 17,770 shares issued and outstanding at May 3, 2025 | 213,822 | 211,764 | 205,595 | |||||||||
| Accumulated other comprehensive loss | (12,419 | ) | (11,438 | ) | (16,746 | ) | ||||||
| Retained earnings | 104,462 | 123,959 | 109,629 | |||||||||
| Total shareholders’ equity | 305,865 | 324,285 | 298,478 | |||||||||
| Total liabilities and shareholders’ equity | $ | 618,739 | $ | 644,171 | $ | 599,100 | ||||||
| ZUMIEZ INC. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (In thousands) (Unaudited) | ||||||||
| Three Months Ended | ||||||||
| May 2, 2026 | May 3, 2025 | |||||||
| Cash flows from operating activities: | ||||||||
| Net loss | $ | (13,266 | ) | $ | (14,330 | ) | ||
| Adjustments to reconcile net loss to net cash used in operating activities: | ||||||||
| Depreciation, amortization and accretion | 4,898 | 5,387 | ||||||
| Noncash lease expense | 14,980 | 14,639 | ||||||
| Deferred taxes | (1,194 | ) | (1,473 | ) | ||||
| Stock-based compensation expense | 2,024 | 1,828 | ||||||
| Impairment of long-lived assets | 511 | 462 | ||||||
| Other | 126 | (765 | ) | |||||
| Changes in operating assets and liabilities: | ||||||||
| Receivables | 777 | (758 | ) | |||||
| Inventories | (6,534 | ) | (119 | ) | ||||
| Prepaid expenses and other assets | (729 | ) | 299 | |||||
| Trade accounts payable | 7,145 | (1,357 | ) | |||||
| Accrued payroll and payroll taxes | (10,537 | ) | (5,863 | ) | ||||
| Income taxes payable | (4,926 | ) | (259 | ) | ||||
| Operating lease liabilities | (15,947 | ) | (16,588 | ) | ||||
| Other liabilities | (5,423 | ) | (3,187 | ) | ||||
| Net cash used in operating activities | (28,095 | ) | (22,084 | ) | ||||
| Cash flows from investing activities: | ||||||||
| Additions to fixed assets | (1,707 | ) | (2,219 | ) | ||||
| Purchases of marketable securities and other investments | (27,088 | ) | (7,055 | ) | ||||
| Sales and maturities of marketable securities and other investments | 2,544 | 5,086 | ||||||
| Net cash used in investing activities | (26,251 | ) | (4,188 | ) | ||||
| Cash flows from financing activities: | ||||||||
| Proceeds from the issuance and exercise of stock-based awards, net of tax | 34 | 378 | ||||||
| Repurchase of common stock | (5,994 | ) | (25,215 | ) | ||||
| Net cash used in financing activities | (5,960 | ) | (24,837 | ) | ||||
| Effect of exchange rate changes on cash, cash equivalents, and restricted cash | (645 | ) | 1,608 | |||||
| Net decrease in cash, cash equivalents, and restricted cash | (60,951 | ) | (49,501 | ) | ||||
| Cash, cash equivalents, and restricted cash, beginning of period | 134,113 | 121,517 | ||||||
| Cash, cash equivalents, and restricted cash, end of period | $ | 73,162 | $ | 72,016 | ||||
| Supplemental disclosure on cash flow information: | ||||||||
| Cash paid during the period for income taxes | $ | 4,912 | $ | 412 | ||||
| Accrual for purchases of fixed assets | 1,033 | 982 | ||||||
| Accrual for repurchase of common stock | 237 | - | ||||||
Company Contact:
Darin White
Director of Finance & Investor Relations
Zumiez Inc.
(425) 551-1500, ext. 1337
Investor Contact:
ICR
Brendon Frey
(203) 682-8200
