earnings
confidence high
sentiment negative
materiality 0.80
Zumiez Q1 net sales down 20.9% to $220.7M; net loss of $0.4M vs prior year net income $26.4M
Zumiez Inc
2022-Q1 EPS reported
-$0.02
revenue$220,686,000
- Net loss $(0.02) per diluted share vs net income $1.03 in prior year quarter.
- Cash and marketable securities $173.0M, down from $400.4M a year ago; completed $83.3M share repurchase (1.9M shares at avg $43.51).
- Q2 FY2022 guidance: net sales $232-$239M, EPS $0.45-$0.55, operating margins 5.0%-6.5%.
- Plans to open ~34 new stores in FY2022: 15 North America, 14 Europe, 5 Australia.
- May 2022 sales decreased 20.9% vs May 2021; increased 3.3% vs pre-pandemic May 2019.