earnings
confidence high
sentiment negative
materiality 0.75
Zumiez reports holiday comps up 5.6% but cuts Q4 sales and EPS guidance below prior range
Zumiez Inc
- Comparable sales for nine-week holiday period up 5.6% YoY; North America +6.9%, International +1.1%.
- Women's category led positive comps, followed by Men's and Footwear; Accessories and Hardgoods negative.
- Q4 net sales guidance lowered to $275M-$277M (prev. $284M-$288M); EPS cut to $0.72-$0.77 (prev. $0.83-$0.93).
- CEO cited softer-than-expected peak holiday weeks after tracking on plan through early December.
- Prior-year Q4 had an extra week, reducing year-over-year net sales growth by ~4% in guidance.