Zumiez ( (ZUMZ) ) has released its Q1 earnings. Here is a breakdown of the information Zumiez presented to its investors.
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Zumiez Inc., a specialty retailer of apparel, footwear, and accessories for young men and women, operates in the action sports and streetwear market with a focus on individuality and unique lifestyles. In its fiscal 2025 first quarter earnings report, Zumiez announced a 3.9% increase in net sales to $184.3 million and a 5.5% rise in comparable sales, despite reporting a net loss of $14.3 million. The company faced a legal charge impacting results but showed improvement over the previous year’s loss.
Key financial highlights include a 7.4% increase in North American comparable sales, reflecting strong consumer response to merchandise assortments. However, international sales faced challenges, turning slightly negative. The company repurchased 1.8 million shares, and its cash and marketable securities decreased to $101 million, primarily due to share repurchases and capital expenditures.
Looking ahead, Zumiez plans to open nine new stores in fiscal 2025 and has approved a new stock repurchase authorization of up to $15 million. The company remains focused on diversifying its supply chain to reduce exposure to China and aims to continue outperforming the market in North America, despite uncertainties in global trade negotiations.