secwatch.observer — SEC 8-K summary
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Issuer:     Zumiez Inc (ZUMZ)
CIK:        0001318008
Form:       8-K
Filed at:   2024-03-14T23:59:59+00:00
Accession:  0001171843-24-001352
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Zumiez Q4 net loss $33.5M vs profit year ago; issues Q1 loss guidance
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- Q4 net sales $281.8M (+0.6% YoY); net loss $33.5M vs net income $11.4M prior year.
- Q4 EPS loss $1.73 includes $41.1M goodwill impairment ($2.13 per share after-tax) on Blue Tomato business.
- FY 2023 net sales $875.5M (-8.6% YoY); net loss $62.6M ($3.25/sh) vs prior-year net income $21.0M.
- Cash and marketable securities $171.6M; slowing European store growth, closing underperforming U.S. stores.
- Q1 2024 guidance: net sales $167-172M, EPS loss $1.09-$1.19; plans ~10 new stores in fiscal 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1318008/000117184324001352/0001171843-24-001352-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1318008/000117184324001352/f8k_031424.htm
  HTML page:      https://secwatch.observer/filing/0001171843-24-001352

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