Zumiez Inc. Announces Fiscal 2024 Fourth Quarter Results
Zumiez reported Q4 FY2024 results with mixed performance. Net sales decreased 0.9% to $279.2 million, while comparable sales increased 5.9%. The company achieved significant improvement in profitability, posting net income of $14.8 million ($0.78 per share) compared to a net loss of $33.5 million ($1.73 per share) in Q4 FY2023.
For the full fiscal year 2024, total net sales increased 1.6% to $889.2 million, with comparable sales up 4.0%. The company reported a net loss of $1.7 million ($0.09 per share). Cash position stood at $147.6 million as of February 1, 2025.
Looking ahead, Q1 FY2025 quarter-to-date comparable sales are up 4.3%, led by North America at 6.4%. The company expects Q1 net sales between $179-183 million with projected EPS loss of $0.72-0.82. The Board approved a new $25 million stock repurchase program through March 2026.
Zumiez ha riportato i risultati del quarto trimestre dell'anno fiscale 2024 con una performance mista. Le vendite nette sono diminuite dello 0,9% a 279,2 milioni di dollari, mentre le vendite comparabili sono aumentate del 5,9%. L'azienda ha ottenuto un miglioramento significativo nella redditivit脿, registrando un utile netto di 14,8 milioni di dollari (0,78 dollari per azione) rispetto a una perdita netta di 33,5 milioni di dollari (1,73 dollari per azione) nel quarto trimestre dell'anno fiscale 2023.
Per l'intero anno fiscale 2024, le vendite nette totali sono aumentate dell'1,6% a 889,2 milioni di dollari, con vendite comparabili in crescita del 4,0%. L'azienda ha riportato una perdita netta di 1,7 milioni di dollari (0,09 dollari per azione). La posizione di cassa era di 147,6 milioni di dollari al 1掳 febbraio 2025.
Guardando avanti, le vendite comparabili fino ad oggi per il primo trimestre dell'anno fiscale 2025 sono aumentate del 4,3%, guidate dal Nord America con il 6,4%. L'azienda prevede vendite nette per il primo trimestre tra 179 e 183 milioni di dollari, con una perdita EPS prevista di 0,72-0,82 dollari. Il Consiglio ha approvato un nuovo programma di riacquisto di azioni da 25 milioni di dollari fino a marzo 2026.
Zumiez inform贸 resultados del cuarto trimestre del a帽o fiscal 2024 con un rendimiento mixto. Las ventas netas disminuyeron un 0.9% a 279.2 millones de d贸lares, mientras que las ventas comparables aumentaron un 5.9%. La compa帽铆a logr贸 una mejora significativa en la rentabilidad, reportando un ingreso neto de 14.8 millones de d贸lares (0.78 d贸lares por acci贸n) en comparaci贸n con una p茅rdida neta de 33.5 millones de d贸lares (1.73 d贸lares por acci贸n) en el cuarto trimestre del a帽o fiscal 2023.
Para el a帽o fiscal completo 2024, las ventas netas totales aumentaron un 1.6% a 889.2 millones de d贸lares, con ventas comparables en alza del 4.0%. La compa帽铆a report贸 una p茅rdida neta de 1.7 millones de d贸lares (0.09 d贸lares por acci贸n). La posici贸n de efectivo se situ贸 en 147.6 millones de d贸lares al 1 de febrero de 2025.
De cara al futuro, las ventas comparables hasta la fecha del primer trimestre del a帽o fiscal 2025 han aumentado un 4.3%, lideradas por Am茅rica del Norte con un 6.4%. La compa帽铆a espera ventas netas para el primer trimestre entre 179 y 183 millones de d贸lares, con una p茅rdida de EPS proyectada de 0.72-0.82 d贸lares. La Junta aprob贸 un nuevo programa de recompra de acciones de 25 millones de d贸lares hasta marzo de 2026.
Zumiez電� 2024 須岅硠鞐半弰 4攵勱赴 瓴瓣臣毳� 順柬暕霅� 靹标臣搿� 氤搓碃頄堨姷雼堧嫟. 靾滊Г於�鞚� 0.9% 臧愳唽頃橃棳 2鞏� 7920毵� 雼煬鞐� 鞚措ゴ霠�瓿�, 牍勱祼 臧�電ロ暅 毵れ稖鞚� 5.9% 歃濌皜頄堨姷雼堧嫟. 須岇偓電� 靾橃澋靹膘棎靹� 靸侂嫻頃� 臧滌劆鞚� 鞚措（鞏� 靾涤澊鞚� 1480毵� 雼煬(欤茧嫻 0.78 雼煬)毳� 旮半頄堨溂氅�, 鞚措姅 2023 須岅硠鞐半弰 4攵勱赴鞐愳劀 3350毵� 雼煬(欤茧嫻 1.73 雼煬)鞚� 靾滌啇鞁り臣 牍勱祼霅╇媹雼�.
2024 須岅硠鞐半弰 鞝勳泊鞐� 雽�頃� 齑� 靾滊Г於滌潃 1.6% 歃濌皜頃橃棳 8鞏� 8920毵� 雼煬鞐� 雼枅鞙茧┌, 牍勱祼 臧�電ロ暅 毵れ稖鞚� 4.0% 歃濌皜頄堨姷雼堧嫟. 須岇偓電� 170毵� 雼煬(欤茧嫻 0.09 雼煬)鞚� 靾滌啇鞁れ潉 氤搓碃頄堨姷雼堧嫟. 順勱笀 氤挫湢鞎§潃 2025雲� 2鞗� 1鞚� 旮办鞙茧 1鞏� 4760毵� 雼煬鞓�鞀惦媹雼�.
鞎烄溂搿�, 2025 須岅硠鞐半弰 1攵勱赴 順勳灛旯岇鞚� 牍勱祼 臧�電ロ暅 毵れ稖鞚� 4.3% 歃濌皜頄堨溂氅�, 攵侂臧� 6.4%搿� 欤茧弰頃橁碃 鞛堨姷雼堧嫟. 須岇偓電� 1攵勱赴 靾滊Г於滌潉 1鞏� 7900毵� 雼煬鞐愳劀 1鞏� 8300毵� 雼煬 靷澊搿� 鞓堨儊頃橂┌, 鞓堨儊 EPS 靻愳嫟鞚� 0.72-0.82 雼煬鞛呺媹雼�. 鞚挫偓須岆姅 2026雲� 3鞗旉箤歆� 2500毵� 雼煬 攴滊鞚� 鞛愳偓欤� 毵れ瀰 頂勲攴鸽灗鞚� 鞀轨澑頄堨姷雼堧嫟.
Zumiez a annonc茅 des r茅sultats pour le quatri猫me trimestre de l'exercice fiscal 2024 avec des performances mixtes. Les ventes nettes ont diminu茅 de 0,9 % pour atteindre 279,2 millions de dollars, tandis que les ventes comparables ont augment茅 de 5,9 %. L'entreprise a r茅alis茅 une am茅lioration significative de sa rentabilit茅, affichant un b茅n茅fice net de 14,8 millions de dollars (0,78 dollar par action) par rapport 脿 une perte nette de 33,5 millions de dollars (1,73 dollar par action) au quatri猫me trimestre de l'exercice fiscal 2023.
Pour l'ensemble de l'exercice fiscal 2024, les ventes nettes totales ont augment茅 de 1,6 % pour atteindre 889,2 millions de dollars, avec des ventes comparables en hausse de 4,0 %. L'entreprise a enregistr茅 une perte nette de 1,7 million de dollars (0,09 dollar par action). La position de tr茅sorerie 茅tait de 147,6 millions de dollars au 1er f茅vrier 2025.
Pour l'avenir, les ventes comparables pour le premier trimestre de l'exercice fiscal 2025 sont en hausse de 4,3 %, men茅es par l'Am茅rique du Nord avec 6,4 %. L'entreprise pr茅voit des ventes nettes pour le premier trimestre entre 179 et 183 millions de dollars, avec une perte EPS projet茅e de 0,72 脿 0,82 dollar. Le conseil d'administration a approuv茅 un nouveau programme de rachat d'actions de 25 millions de dollars jusqu'en mars 2026.
Zumiez hat die Ergebnisse des 4. Quartals des Gesch盲ftsjahres 2024 mit gemischter Leistung ver枚ffentlicht. Die 狈别迟迟辞惫别谤办盲耻蹿别 sanken um 0,9 % auf 279,2 Millionen US-Dollar, w盲hrend die vergleichbaren Verk盲ufe um 5,9 % stiegen. Das Unternehmen erzielte eine signifikante Verbesserung der Rentabilit盲t und meldete einen Nettoertrag von 14,8 Millionen US-Dollar (0,78 US-Dollar pro Aktie) im Vergleich zu einem Nettoverlust von 33,5 Millionen US-Dollar (1,73 US-Dollar pro Aktie) im 4. Quartal des Gesch盲ftsjahres 2023.
F眉r das gesamte Gesch盲ftsjahr 2024 stiegen die gesamten 狈别迟迟辞惫别谤办盲耻蹿别 um 1,6 % auf 889,2 Millionen US-Dollar, wobei die vergleichbaren Verk盲ufe um 4,0 % zulegten. Das Unternehmen meldete einen Nettoverlust von 1,7 Millionen US-Dollar (0,09 US-Dollar pro Aktie). Die Liquidit盲tsposition betrug zum 1. Februar 2025 147,6 Millionen US-Dollar.
F眉r die Zukunft erwarten die vergleichbaren Verk盲ufe im ersten Quartal des Gesch盲ftsjahres 2025 bis heute einen Anstieg von 4,3 %, angef眉hrt von Nordamerika mit 6,4 %. Das Unternehmen erwartet 狈别迟迟辞惫别谤办盲耻蹿别 im ersten Quartal zwischen 179 und 183 Millionen US-Dollar mit einem prognostizierten EPS-Verlust von 0,72-0,82 US-Dollar. Der Vorstand genehmigte ein neues Aktienr眉ckkaufprogramm 眉ber 25 Millionen US-Dollar bis M盲rz 2026.
- Q4 comparable sales increased 5.9%
- Gross margin improved 190 basis points to 36.2%
- Q4 net income improved to $14.8M from -$33.5M year-over-year
- First quarter-to-date comparable sales up 4.3%
- North America showing strong performance with 6.4% comparable sales growth
- New $25M stock buyback program approved
- Q4 net sales decreased 0.9% to $279.2M
- Cash position declined to $147.6M from $171.6M year-over-year
- Full-year net loss of $1.7M in fiscal 2024
- International comparable sales decreased 3.7% in recent trading
- Projecting Q1 2025 loss between $0.72-0.82 per share
Insights
Zumiez's Q4 results demonstrate substantial financial improvement with the 190 basis point gross margin expansion driving a profit of
The
The Q1 projected loss of
The
The company's disciplined approach to store growth - adding just 9 locations to its 729-store base - demonstrates a strategic shift from expansion to optimization. Zumiez's focus on "product and customer engagement initiatives" appears to be resonating with its target demographic of young consumers seeking unique lifestyle merchandise.
The specialty retailer's ability to grow comparable sales by
Fourth Quarter Comparable Sales Increased
Fourth Quarter Gross Margin Increased 190 Basis Points to
Fourth Quarter Earnings Per Share Improved to
First Quarter-To-Date Comparable Sales up
Board Approves New Stock Repurchase Authorization
LYNNWOOD, Wash., March 13, 2025 (GLOBE NEWSWIRE) -- Zumiez Inc. (NASDAQ: ZUMZ) a leading specialty retailer of apparel, footwear, equipment and accessories for young men and women, today reported results for the fourth quarter and year ended February 1, 2025.
Net sales for the fourth quarter ended February 1, 2025 (13 weeks) decreased
Total net sales for the twelve months (52 weeks) ended February 1, 2025, increased
As of February 1, 2025, the Company had cash and current marketable securities of
Rick Brooks, Chief Executive Officer of Zumiez Inc., stated, 鈥淲e delivered a substantial improvement in fourth quarter operating profitability driven by significant gross margin expansion and a meaningful reduction in operating expenses. Comparable sales increased by
Fiscal First Quarter-to-Date Sales
Total first quarter-to-date sales for the four weeks ended March 1, 2025 increased
Fiscal 2025 First Quarter Outlook
The Company is introducing guidance for the three months ending May 3, 2025. Net sales are projected to be in the range of
The Company currently intends to open approximately 9 new stores in fiscal 2025, including up to 6 stores in North America, 2 stores in Europe and 1 store in Australia.
Stock Repurchase Authorization
On March 12, 2024, Zumiez Inc. approved the repurchase of up to an aggregate of
Conference call Information
To access the conference call, please pre-register using this link () Registrants will receive confirmation with dial-in details. The conference call will also be available to interested parties through a live webcast at . To avoid delays, we encourage participants to dial into the conference call fifteen minutes ahead of the scheduled start time. A replay of the webcast will also be available for a limited time at听.
About Zumiez Inc.
Zumiez is a leading specialty retailer of apparel, footwear, accessories and hardgoods for young men and women who want to express their individuality through the fashion, music, art and culture of action sports, streetwear, and other unique lifestyles. As of March 1, 2025, we operated 729 stores, including 569 in the United States, 46 in Canada, 87 in Europe and 27 in Australia. We operate under the names Zumiez, Blue Tomato and Fast Times. Additionally, we operate ecommerce web sites at zumiez.com, zumiez.ca, blue-tomato.com and fasttimes.com.au.
Safe Harbor Statement
Certain statements in this press release and oral statements relating thereto made from time to time by representatives of the Company may constitute forward-looking statements for purposes of the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. These statements include, without limitation, predictions and guidance relating to the Company's future financial performance, brand and product category diversity, ability to adjust product mix, integration of acquired businesses, growing customer demand for our products and new store openings. In some cases, you can identify forward-looking statements by terminology such as, "may," "should," "expects," "plans," "anticipates," "believes," "estimates," "predicts," "potential," "continue," or the negative of these terms or other comparable terminology. These forward-looking statements are based on management's current expectations, but they involve a number of risks and uncertainties. Actual results and the timing of events could differ materially from those anticipated in the forward-looking statements as a result of risks and uncertainties, which include, without limitation, those described in the Company鈥檚 annual report on Form 10-K for the fiscal year ended January 28, 2023 as filed with the Securities and Exchange Commission and available at www.sec.gov. You are urged to consider these factors carefully in evaluating the forward-looking statements herein and are cautioned not to place undue reliance on such forward-looking statements, which are qualified in their entirety by this cautionary statement. The forward-looking statements speak only as of the date on which they are made, and the Company undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.
| 窜鲍惭滨贰窜听滨狈颁. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (In thousands, except per share amounts) (Unaudited) | |||||||||||||||
| 听 | |||||||||||||||
| 听 | 听 | Three Months Ended | |||||||||||||
| 听 | 听 | February 1, | 听 | % of | 听 | February 3, | 听 | % of | |||||||
| 听 | 听 | 2025 | 听 | 听 | Sales | 听 | 听 | 2024 | 听 | 听 | Sales | ||||
| 听 | 听 | (Unaudited) | 听 | 听 | 听 | (Unaudited) | 听 | 听 | |||||||
| Net sales | $ | 279,160 | 听 | 听 | 听 | 100.0 | % | 听 | 听 | 281,822 | 听 | 听 | 听 | 100.0 | % |
| Cost of goods sold | 听 | 178,127 | 听 | 听 | 听 | 63.8 | % | 听 | 听 | 185,171 | 听 | 听 | 听 | 65.7 | % |
| Gross profit | 听 | 101,033 | 听 | 听 | 听 | 36.2 | % | 听 | 听 | 96,651 | 听 | 听 | 听 | 34.3 | % |
| Selling, general and administrative expenses | 听 | 80,903 | 听 | 听 | 听 | 29.0 | % | 听 | 听 | 129,436 | 听 | 听 | 听 | 45.9 | % |
| Operating profit (loss) | 听 | 20,130 | 听 | 听 | 听 | 7.2 | % | 听 | 听 | (32,785 | ) | 听 | 听 | -11.6 | % |
| Interest income, net | 听 | 742 | 听 | 听 | 听 | 0.3 | % | 听 | 听 | 941 | 听 | 听 | 听 | 0.3 | % |
| Other (expense) income , net | 听 | (915 | ) | 听 | 听 | -0.3 | % | 听 | 听 | 545 | 听 | 听 | 听 | 0.2 | % |
| Earnings (loss) before income taxes | 听 | 19,957 | 听 | 听 | 听 | 7.2 | % | 听 | 听 | (31,299 | ) | 听 | 听 | -11.1 | % |
| Provision for income taxes | 听 | 5,203 | 听 | 听 | 听 | 1.9 | % | 听 | 听 | 2,188 | 听 | 听 | 听 | 0.8 | % |
| Net income (loss) | $ | 14,754 | 听 | 听 | 听 | 5.3 | % | 听 | $ | (33,487 | ) | 听 | 听 | -11.9 | % |
| Basic earnings (loss) per share | $ | 0.80 | 听 | 听 | 听 | 听 | $ | (1.73 | ) | 听 | 听 | ||||
| Diluted earnings (loss) per share | $ | 0.78 | 听 | 听 | 听 | 听 | $ | (1.73 | ) | 听 | 听 | ||||
| Weighted average shares used in computation of earnings per share: | 听 | 听 | 听 | 听 | 听 | 听 | |||||||||
| Basic | 听 | 18,464 | 听 | 听 | 听 | 听 | 听 | 19,323 | 听 | 听 | 听 | ||||
| Diluted | 听 | 18,806 | 听 | 听 | 听 | 听 | 听 | 19,323 | 听 | 听 | 听 | ||||
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | |||||||
| 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | 听 | |||||||
| 听 | 听 | Fiscal Year Ended | |||||||||||||
| 听 | 听 | February 1, | 听 | % of | 听 | February 3, | 听 | % of | |||||||
| 听 | 听 | 2025 | 听 | 听 | Sales | 听 | 听 | 2024 | 听 | 听 | Sales | ||||
| 听 | 听 | (Unaudited) | 听 | 听 | 听 | 听 | 听 | 听 | |||||||
| Net sales | $ | 889,202 | 听 | 听 | 听 | 100.0 | % | 听 | $ | 875,486 | 听 | 听 | 听 | 100.0 | % |
| Cost of goods sold | 听 | 586,162 | 听 | 听 | 听 | 65.9 | % | 听 | 听 | 594,596 | 听 | 听 | 听 | 67.9 | % |
| Gross profit | 听 | 303,040 | 听 | 听 | 听 | 34.1 | % | 听 | 听 | 280,890 | 听 | 听 | 听 | 32.1 | % |
| Selling, general and administrative expenses | 听 | 301,090 | 听 | 听 | 听 | 33.9 | % | 听 | 听 | 345,679 | 听 | 听 | 听 | 39.6 | % |
| Operating profit (loss) | 听 | 1,950 | 听 | 听 | 听 | 0.2 | % | 听 | 听 | (64,789 | ) | 听 | 听 | -7.4 | % |
| Interest income, net | 听 | 4,205 | 听 | 听 | 听 | 0.5 | % | 听 | 听 | 3,522 | 听 | 听 | 听 | 0.4 | % |
| Other expense, net | 听 | (2,078 | ) | 听 | 听 | -0.2 | % | 听 | 听 | (611 | ) | 听 | 听 | -0.1 | % |
| Earnings (loss) before income taxes | 听 | 4,077 | 听 | 听 | 听 | 0.5 | % | 听 | 听 | (61,878 | ) | 听 | 听 | -7.1 | % |
| Provision for income taxes | 听 | 5,790 | 听 | 听 | 听 | 0.7 | % | 听 | 听 | 732 | 听 | 听 | 听 | 0.1 | % |
| Net income | $ | (1,713 | ) | 听 | 听 | -0.2 | % | 听 | $ | (62,610 | ) | 听 | 听 | -7.2 | % |
| Basic earnings per share | $ | (0.09 | ) | 听 | 听 | 听 | $ | (3.25 | ) | 听 | 听 | ||||
| Diluted earnings per share | $ | (0.09 | ) | 听 | 听 | 听 | $ | (3.25 | ) | 听 | 听 | ||||
| Weighted average shares used in computation of earnings per share: | 听 | 听 | 听 | 听 | 听 | 听 | |||||||||
| Basic | 听 | 18,918 | 听 | 听 | 听 | 听 | 听 | 19,290 | 听 | 听 | 听 | ||||
| Diluted | 听 | 18,918 | 听 | 听 | 听 | 听 | 听 | 19,290 | 听 | 听 | 听 | ||||
| ZUMIEZ INC. CONDENSED CONSOLIDATED BALANCE SHEETS (In thousands) | |||||||
| 听 | |||||||
| 听 | February 1, 2025 | 听 | February 3, 2024 | ||||
| 听 | (Unaudited) | 听 | 听 | ||||
| Assets | 听 | 听 | 听 | ||||
| Current assets | 听 | 听 | 听 | ||||
| Cash and cash equivalents | $ | 112,668 | 听 | 听 | $ | 88,875 | 听 |
| Marketable securities | 听 | 34,890 | 听 | 听 | 听 | 82,704 | 听 |
| Receivables | 听 | 12,825 | 听 | 听 | 听 | 13,780 | 听 |
| Inventories | 听 | 146,648 | 听 | 听 | 听 | 128,827 | 听 |
| Prepaid expenses and other current assets | 听 | 15,354 | 听 | 听 | 听 | 12,401 | 听 |
| Total current assets | 听 | 322,385 | 听 | 听 | 听 | 326,587 | 听 |
| Fixed assets, net | 听 | 80,178 | 听 | 听 | 听 | 90,508 | 听 |
| Operating lease right-of-use assets | 听 | 183,235 | 听 | 听 | 听 | 196,775 | 听 |
| Goodwill | 听 | 15,258 | 听 | 听 | 听 | 15,374 | 听 |
| Intangible assets, net | 听 | 13,577 | 听 | 听 | 听 | 14,200 | 听 |
| Deferred tax assets, net | 听 | 8,684 | 听 | 听 | 听 | 8,623 | 听 |
| Other long-term assets | 听 | 11,564 | 听 | 听 | 听 | 12,159 | 听 |
| Total long-term assets | 听 | 312,496 | 听 | 听 | 听 | 337,639 | 听 |
| Total assets | $ | 634,881 | 听 | 听 | $ | 664,226 | 听 |
| 听 | 听 | 听 | 听 | ||||
| Liabilities and Shareholders鈥� Equity | 听 | 听 | 听 | ||||
| Current liabilities | 听 | 听 | 听 | ||||
| Trade accounts payable | $ | 49,389 | 听 | 听 | $ | 38,885 | 听 |
| Accrued payroll and payroll taxes | 听 | 21,962 | 听 | 听 | 听 | 18,431 | 听 |
| Operating lease liabilities | 听 | 56,009 | 听 | 听 | 听 | 60,885 | 听 |
| Other current liabilities | 听 | 28,154 | 听 | 听 | 听 | 25,886 | 听 |
| Total current liabilities | 听 | 155,514 | 听 | 听 | 听 | 144,087 | 听 |
| Long-term operating lease liabilities | 听 | 143,812 | 听 | 听 | 听 | 159,877 | 听 |
| Other long-term liabilities听 | 听 | 6,578 | 听 | 听 | 听 | 7,052 | 听 |
| Total long-term liabilities | 听 | 150,390 | 听 | 听 | 听 | 166,929 | 听 |
| Total liabilities | 听 | 305,904 | 听 | 听 | 听 | 311,016 | 听 |
| 听 | 听 | 听 | 听 | ||||
| Shareholders鈥� equity | 听 | 听 | 听 | ||||
| Preferred stock, no par value, 20,000 shares authorized; none issued and outstanding | 听 | 鈥� | 听 | 听 | 听 | 鈥� | 听 |
| Common stock, no par value, 50,000听shares authorized; 19,159 shares issued and outstanding at February 1, 2025 and 19,833 shares issued and outstanding at February 3, 2024 | 听 | 203,581 | 听 | 听 | 听 | 196,144 | 听 |
| Accumulated other comprehensive loss | 听 | (23,778 | ) | 听 | 听 | (19,027 | ) |
| Retained earnings | 听 | 149,174 | 听 | 听 | 听 | 176,093 | 听 |
| Total shareholders鈥� equity | 听 | 328,977 | 听 | 听 | 听 | 353,210 | 听 |
| Total liabilities and shareholders鈥� equity | $ | 634,881 | 听 | 听 | $ | 664,226 | 听 |
| ZUMIEZ INC. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (In thousands) (Unaudited) | |||||||
| 听 | |||||||
| 听 | Fiscal Year Ended | ||||||
| 听 | February 1, 2025 | 听 | February 3, 2024 | ||||
| 听 | (Unaudited) | 听 | 听 | ||||
| Cash flows from operating activities: | 听 | 听 | 听 | ||||
| Net (loss) income | $ | (1,713 | ) | 听 | $ | (62,610 | ) |
| Adjustments to reconcile net income to net cash (used in) provided by operating activities: | 听 | 听 | 听 | ||||
| Depreciation, amortization and accretion | 听 | 22,160 | 听 | 听 | 听 | 22,763 | 听 |
| Noncash lease expense | 听 | 64,415 | 听 | 听 | 听 | 68,164 | 听 |
| Deferred taxes | 听 | (609 | ) | 听 | 听 | (1,050 | ) |
| Stock-based compensation expense | 听 | 6,831 | 听 | 听 | 听 | 7,022 | 听 |
| Impairment of goodwill and long-lived assets | 听 | 1,473 | 听 | 听 | 听 | 43,904 | 听 |
| Foreign currency transaction loss | 听 | 2,145 | 听 | 听 | 听 | 25 | 听 |
| Other | 听 | 178 | 听 | 听 | 听 | 181 | 听 |
| Changes in operating assets and liabilities: | 听 | - | 听 | 听 | 听 | - | 听 |
| Receivables | 听 | 1,533 | 听 | 听 | 听 | 6,859 | 听 |
| Inventories | 听 | (21,687 | ) | 听 | 听 | 5,809 | 听 |
| Prepaid expenses and other assets | 听 | 1,558 | 听 | 听 | 听 | (1,817 | ) |
| Trade accounts payable | 听 | 11,698 | 听 | 听 | 听 | (907 | ) |
| Accrued payroll and payroll taxes | 听 | 3,768 | 听 | 听 | 听 | 2,170 | 听 |
| Income taxes payable | 听 | 4,705 | 听 | 听 | 听 | 2,090 | 听 |
| Operating lease liabilities | 听 | (73,564 | ) | 听 | 听 | (78,983 | ) |
| Other liabilities | 听 | (2,190 | ) | 听 | 听 | 1,135 | 听 |
| Net cash provided by (used in) operating activities | 听 | 20,701 | 听 | 听 | 听 | 14,755 | 听 |
| Cash flows from investing activities: | 听 | 听 | 听 | ||||
| Additions to fixed assets | 听 | (15,004 | ) | 听 | 听 | (20,350 | ) |
| Purchases of marketable securities and other investments | 听 | (2,980 | ) | 听 | 听 | (38,348 | ) |
| Sales and maturities of marketable securities and other investments | 听 | 50,586 | 听 | 听 | 听 | 50,150 | 听 |
| Net cash provided by (used in) investing activities | 听 | 32,602 | 听 | 听 | 听 | (8,548 | ) |
| Cash flows from financing activities: | 听 | 听 | 听 | ||||
| Proceeds from revolving credit facilities | 听 | 3,220 | 听 | 听 | 听 | 49,440 | 听 |
| Payments on revolving credit facilities | 听 | (3,220 | ) | 听 | 听 | (49,440 | ) |
| Proceeds from issuance and exercise of stock-based awards | 听 | 606 | 听 | 听 | 听 | 704 | 听 |
| Payments for tax withholdings on equity awards | 听 | 鈥� | 听 | 听 | 听 | 鈥� | 听 |
| Common stock repurchased | 听 | (25,206 | ) | 听 | 听 | 鈥� | 听 |
| Net cash (used in) provided by financing activities | 听 | (24,600 | ) | 听 | 听 | 704 | 听 |
| Effect of exchange rate changes on cash, cash equivalents, and restricted cash | 听 | (1,458 | ) | 听 | 听 | (1,080 | ) |
| Net change in cash, cash equivalents, and restricted cash | 听 | 27,245 | 听 | 听 | 听 | 5,831 | 听 |
| Cash, cash equivalents, and restricted cash, beginning of period | 听 | 94,284 | 听 | 听 | 听 | 88,453 | 听 |
| Cash, cash equivalents, and restricted cash, end of period | $ | 121,529 | 听 | 听 | $ | 94,284 | 听 |
| Supplemental disclosure on cash flow information: | 听 | 听 | 听 | ||||
| Cash paid during the period for income taxes | $ | 2,490 | 听 | 听 | $ | 2,065 | 听 |
| Accrual for purchases of fixed assets | 听 | 109 | 听 | 听 | 听 | 800 | 听 |
Company Contact:
Darin White
Vice President of Finance &
Investor Relations
Zumiez Inc.
(425) 551-1500, ext. 1337
Investor Contact:
ICR
Brendon Frey
(203) 682-8200
FAQ
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