Zumiez Earnings Reports

Zumiez Inc. announced its fiscal 2024 first quarter results, with net sales decreasing by 3.0% to $177.4 million compared to the prior year. Despite the sales decline, the company reported a net loss of $16.8 million, an improvement from the $18.4 million net loss in the same period last year. This performance exceeded their initial outlook, driven by positive inflection in North America and improved merchandise margins in Europe.

Zumiez Inc. reported a net income of $14.8 million in Q4 2024, reversing a net loss from the prior year. EPS improved to $0.78, supported by a 5.9% increase in comparable sales. Gross margin expanded by 190 basis points to 36.2%, driven by reduced costs. Total revenue for the quarter reached $279.2 million, reflecting a slight 0.9% decrease due to an extra week in the prior year's quarter.

Zumiez Inc. announced its fiscal 2024 fourth quarter results, showing a 5.9% increase in comparable sales and a significant improvement in net income to $14.8 million, or $0.78 per share, compared to a net loss in the prior year. The company also reported a 190 basis point increase in gross margin.