secwatch.observer — SEC 8-K summary
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Issuer:     Zumiez Inc (ZUMZ)
CIK:        0001318008
Form:       8-K
Filed at:   2022-06-02T23:59:59+00:00
Accession:  0001171843-22-004097
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Zumiez Q1 net sales down 20.9% to $220.7M; net loss of $0.4M vs prior year net income $26.4M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1318008/000117184322004097/0001171843-22-004097-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1318008/000117184322004097/f8k_060222.htm
  HTML page:      https://secwatch.observer/filing/0001171843-22-004097

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer