Zumiez Q1 net sales down 17.1% to $182.9M; net loss per share $0.96 vs $0.02 loss last year

Zumiez Inc

2023-Q1 EPS reported -$0.96 revenue$182,887,000

Net loss $18.4M ($0.96 loss per diluted share) vs net loss $0.4M ($0.02 loss per share) in prior year.
Cash and marketable securities $155.3M at April 29, 2023, down from $173.0M year-over-year.
May 2023 net sales decreased 12.8% and comparable sales decreased 14.3% from prior year period.
Q2 FY2023 guidance: net sales $187-$192M, loss per share $(0.63) to $(0.73).
Planning to open ~23 new stores in FY2023 (8 North America, 10 Europe, 5 Australia).

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Zumiez Inc reported first quarter ended April 29, 2023 results: revenue $182.9 million, net income $18.4 million, EPS $0.96 loss per diluted share.

Period: first quarter ended April 29, 2023
Revenue: $182.9 million
Net income: $18.4 million
EPS: $0.96 loss per diluted share
Result: reported results

Exact text from the filing

Net sales for the first quarter ended April 29, 2023 (13 weeks) decreased 17.1% to $182.9 million from $220.7 million in the first quarter ended April 30, 2022 (13 weeks). Net loss in the first quarter of fiscal 2023 was $18.4 million, or $0.96 loss per diluted share, compared to a net loss of $0.4 million, or $0.02 loss per diluted share, in the first quarter of the prior fiscal year.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Zumiez Inc reported three months ending July 29, 2023 results: revenue $187 to $192 million, EPS $(0.63) to $(0.73). Guidance initiated.

Period: three months ending July 29, 2023
Revenue: $187 to $192 million
EPS: $(0.63) to $(0.73)
Guidance: initiated
Result: guidance update

Exact text from the filing

The Company is introducing guidance for the three months ending July 29, 2023. Net sales are projected to be in the range of $187 to $192 million. Loss per share is expected to be between $(0.63) to $(0.73).

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Source: SEC EDGAR

accession 0001171843-23-003691

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