earnings
confidence high
sentiment negative
materiality 0.70
Zumiez Q3 net loss $2.2M ($0.12/sh); sales down 8.9%; Q4 EPS guided $0.24-0.34
Zumiez Inc
2023-Q3 EPS reported
-$1.51
revenue$593,664,000
- Q3 net sales $216.3M (-8.9% YoY); net loss $2.2M vs profit $6.9M a year ago.
- Nine-month net sales $593.7M (-12.5% YoY); net loss $29.1M ($1.51/sh) vs profit $9.6M.
- Q4-to-date (31 days) total sales -4.6%, comps -6.0% vs prior year.
- Q4 FY23 guidance: net sales $275-281M, EPS $0.24-$0.34, operating margin 1.5-2.5%.
- Cash $135.8M; plans 19 new stores in FY23.