Zumiez ( (ZUMZ) ) has released its Q2 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 dynamic sectors of action sports, streetwear, and unique lifestyle fashion across multiple regions including North America, Europe, and Australia.
In its fiscal 2025 second quarter, Zumiez reported a 1.9% increase in net sales to $214.3 million, with comparable sales rising by 2.5%. Despite these gains, the company recorded a net loss of $1.0 million, slightly higher than the previous year’s loss. However, the company showed promising signs with a significant 11.2% increase in third-quarter-to-date comparable sales, driven by strong performance in North America.
Key financial highlights include a 2.9% increase in total net sales for the first six months of fiscal 2025, reaching $398.6 million. Although the company faced a net loss of $15.3 million for the period, this was an improvement from the previous year’s $17.6 million loss. The company’s cash and marketable securities decreased to $106.7 million, influenced by share repurchases and capital expenditures, but were partially offset by cash flow from operations.
Looking ahead, Zumiez remains optimistic about its third-quarter performance, projecting net sales between $232 million and $237 million, with anticipated comparable sales growth of 5.5% to 7.5%. The company plans to open six new stores in fiscal 2025, focusing on North America and Australia, while maintaining a cautious approach due to uncertainties in tariffs and consumer demand.