Zumiez Q2 net sales down 18.1% YoY to $220M; EPS plunges to $0.16 from $0.94

Zumiez Inc

2022-Q2 EPS reported $0.14 revenue$440,679,000

Net income of $3.1M ($0.16 diluted EPS) vs $24.0M ($0.94) in Q2 2021.
Q3 guidance: net sales $220-228M, diluted EPS $0.03-0.18.
Cash and marketable securities $166.2M, down from $412.0M due to buybacks and capex.
Third quarter-to-date comparable sales down 19.7% vs prior year; management adopts cautious view.
Inflation and macroeconomic headwinds pressuring US discretionary spending.

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