Zumiez Q2 net sales $210.2M (+8.1%), comps +3.6%; loss narrows to $0.04/share

Zumiez Inc

2024-Q2 EPS reported -$0.91 revenue$387,567,000

Net loss of $0.8M ($0.04 per share) vs $8.5M loss ($0.44) in prior Q2; gross margin +250bps to 34.2%.
Q3-to-date comparable sales up 12.1%; full Q3 guidance: net sales $221-225M, EPS ($0.04)-$0.06.
Repurchased 0.9M shares at avg $20.55 in Q2; cash/marketable securities $127.0M.
New store plans: ~9 openings (NA, Europe, Australia) and ~25 closures in FY2024.

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