secwatch.observer — SEC 8-K summary
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Issuer:     Zumiez Inc (ZUMZ)
CIK:        0001318008
Form:       8-K
Filed at:   2023-01-09T23:59:59+00:00
Accession:  0001171843-23-000158
Event type: other_material
Sentiment:  negative
Materiality: 0.75
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Zumiez holiday sales plunge 22.2%; comparable sales down 23.9% vs prior year
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- Total net sales for nine weeks ended Dec 31, 2022 fell 22.2% compared to same period last year.
- North America net sales decreased 26.7%; other international (Europe, Australia) increased 1.9% (10.5% ex-forex).
- All categories down in comparable sales; men's most negative, followed by Hardgoods, accessories, women's, footwear.
- Q4 FY2022 sales guidance raised to slightly above $268M upper end; EPS expected mid-to-high end of $0.36-$0.51 range.
- CEO cites discretionary spending pullback, inflation, promotional marketplace, and discounting to move inventory.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1318008/000117184323000158/0001171843-23-000158-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1318008/000117184323000158/f8k_010823.htm
  HTML page:      https://secwatch.observer/filing/0001171843-23-000158

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