Zumiez

Zumiez reported a net loss of $0.17 per share for Q2 and a 2.5% decline in revenue to $209 million, with both metrics missing analyst expectations. The Q3 outlook is well below consensus (EPS $0.00–0.10 vs. consensus $0.59; revenue $222–226 million vs. consensus $238 million), driving the premarket reaction. Management cites weakness in the U.S. business, particularly in the footwear segment, and plans to close roughly 16 stores; Q3 sales through Sept. 7 are already 4.3% below last year. Analyst sentiment had been cautious beforehand, so there was little institutional support and investors are now pricing in a longer period of operational headwinds. » Mere på de.investing.com

Zumiez reported an adjusted loss of $0.17 per share in the second quarter on revenue of $209.0 million, missing consensus expectations of a $0.11 loss per share and $213.1 million in revenue. The North American footwear business weighed on results, while international markets showed slight growth. The stock fell 4.8% in regular trading and a further 14.7% after-hours to $14.25. For Q3, Zumiez expects revenue to decline to $222–226 million and results near breakeven; cash and cash equivalents were $97.3 million at quarter-end. » Mere på de.investing.com

Zumiez reported Q1 EPS of -$0.82 (forecast -$0.75) and revenue of $184.3 million versus $191.02 million expected. Consolidated comparable sales rose 4% and gross margin improved 170 basis points to 31.7%. The stock fell slightly 0.22% after hours; Zumiez guides Q2 EPS of $0.08 and full-year EPS of $0.84 and will continue to focus on private-label brands and operational efficiency. » Mere på de.investing.com