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Feb 01, 2025
Zumiez Q4 2024 Earnings Report
Zumiez achieved improved profitability despite a slight decline in revenue.
Key Takeaways
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.
Net income of $14.8 million, reversing a net loss of $33.5 million last year.
EPS improved to $0.78 from a loss of $1.73 in Q4 2023.
Gross margin increased 190 basis points to 36.2%.
Comparable sales rose 5.9%, driven by strong North American performance.
Forward Guidance
Zumiez expects a challenging Q1 2025 with a projected revenue decline and negative EPS outlook.
Positive Outlook
- First quarter-to-date comparable sales increased by 4.3%.
- North America led growth with a 6.4% increase in comparable sales.
- Board approved a $25 million stock repurchase program.
- Plan to open 9 new stores in fiscal 2025.
- Continued focus on margin expansion and cost efficiency.
Challenges Ahead
- Projected Q1 2025 revenue of $179-$183 million, indicating a decline.
- Expected Q1 EPS loss between $0.72 and $0.82.
- Challenging macroeconomic environment impacting demand.
- Uncertainty in international sales, with declines in some regions.
- Ongoing adjustments in store expansion strategy, particularly in Europe.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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