Zumiez reports Q3 EPS 55c, consensus 27c

Reports Q3 revenue $239.13M, consensus $233.54M. Comparable sales for Q3 increased 7.6%. “We achieved our best third quarter in several years,” said Rick Brooks, CEO of Zumiez (ZUMZ) 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.”