Zumiez Inc is a retail company that specializes in urban and action sports apparel, footwear, accessories, and hardgoods
Targeting a youth demographic, Zumiez offers a wide range of popular brands and exclusive items that resonate with skateboard, snowboard, and streetwear cultures. The company operates a network of retail stores across various locations while also providing an engaging online shopping experience. Additionally, Zumiez is committed to fostering a sense of community and promotes a lifestyle centered around sports, music, and art through various initiatives and events.
Shareholders of Zumiez would probably like to forget the past six months even happened. The stock dropped 28.7% and now trades at $16.40. This may have investors wondering how to approach the situation.
Shares of clothing and footwear retailer Zumiez (NASDAQZUMZ)
fell 13.6% in the afternoon session after the company reported weak preliminary fourth quarter results, slashing its sales and earnings forecasts amid sluggish holiday demand. Net sales are now projected to fall between $275 million and $277 million, down from the earlier estimate of $284 million to $288 million. Earnings per share are expected to range from $0.72 to $0.77, below the previous guidance of $0.83 to $0.93. Management added, "After generally trending on plan through early December, we saw softer than expected results in the peak weeks of holiday." Overall, this was a challenging quarter. However, Zumiez wasn't the only one to report weak holiday demand, as Five Below and Abercrombie & Fitch also didn't see the success that the market expected.
Clothing and footwear retailer Zumiez (NASDAQZUMZ) met Wall Street’s revenue expectations in Q3 CY2024, with sales up 2.8% year on year to $222.5 million. The company expects next quarter’s revenue to be around $286 million, coming in 0.9% above analysts’ estimates. Its GAAP profit of $0.06 per share was significantly above analysts’ consensus estimates.
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how apparel retailer stocks fared in Q2, starting with Victoria's Secret (NYSEVSCO).
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how apparel retailer stocks fared in Q2, starting with Abercrombie and Fitch (NYSEANF).
Today’s normal stock market trading session was mixed today, with a slight gain on the Nasdaq of +0.25% offset by a -0.30% drop in the S&P 500, -0.54% on the Dow and -0.61% on the small-cap Russell 2000.
U.S. stocks are priming for a narrowly mixed start ahead of the all-important non-farm payrolls data, an important piece of economic evidence the Federal Open Market Committee would consider while deliberating on the Fed funds rate next week.
