secwatch.observer — SEC 8-K summary
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Issuer:     Zumiez Inc (ZUMZ)
CIK:        0001318008
Form:       8-K
Filed at:   2024-06-06T23:59:59+00:00
Accession:  0001171843-24-003331
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1318008/000117184324003331/0001171843-24-003331-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1318008/000117184324003331/f8k_060624.htm
  HTML page:      https://secwatch.observer/filing/0001171843-24-003331

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer