Zumiez Q1 net sales down 3% to $177.4M, loss narrows to $0.86/share; board approves $25M buyback

Zumiez Inc

2024-Q1 EPS reported -$0.86 revenue$177,388,000

Net sales $177.4M (-3.0% YoY); net loss $16.8M ($0.86 loss per share) vs $18.4M loss ($0.96 loss per share) last year.
Q2 guidance: net sales $199-204M, loss per share $0.30-0.40.
Board authorized $25M stock repurchase program through June 30, 2025.
May 2024 four-week sales up 1.8% YoY; comparable sales down 0.2%.
North American region inflected positive in Q1; Europe merchandise margins expanded.

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