Zumiez Inc. (ZUMZ) is a specialty retailer based in the United States, widely known for its offerings of action sports related apparel, footwear, equipment, and accessories. Founded in 1978 in Seattle, Washington, the company has demonstrated a 40-year-plus record of robust business growth. The Zumiez brand caters primarily to young men and women and has built a powerful presence, especially within the skateboarding, snowboarding, and motocross niches.
The company operates under the single brand name Zumiez, and as of 2020, it boasts over 720 stores across the U.S., Canada, Europe, and Australia. It has integrated both physical and virtual platforms to deliver an engaging shopping experience, often using interactive activities such as skate shops and gaming areas to distinguish its physical stores.
In terms of merchandise, Zumiez offers a mix of global, national, and exclusive in-house brands that resonate with its target demographic. Customers can find clothing, footwear, and accessories from popular brands like Vans, Adidas, and Obey, as well as cutting-edge action sports gear. The store also sells its private label brands, which enhance product variety and maintain profit margins by offsetting the lower margins gained from third-party brands.
Beyond selling merchandise, Zumiez Inc. also significantly invests in community-building efforts, which has helped it to cultivate a loyal customer base. This is evident through initiatives like the 'Zumiez Stash' loyalty program that allows customers to earn points for purchases, and 'The Best Foot Forward,' an amateur skateboarding contest that has been running since 2007.
Financially, despite economic downturns and industry shifts, Zumiez has shown resilience by continually registering solid financial performance. Its multi-channel retail strategy—designed to provide seamless shopping and service over different channels—and the focus on niche, high-growth categories have contributed significantly to this.
In summary, Zumiez Inc. is more than just a retail brand—it's a unique blend of a lifestyle and a specialty retail business that caters to a specific, passionate, and loyal demographic, driven by its commitment to youth culture and action sports. It continues to enhance its complete shopping experience and distinctive brand identity to deal with the changing retail market and steer its future growth.
Income statement
Balance sheet statement
Cash flow statement
Current assets / Current liabilities
Equity / Debt / Cash
Dividends
Zumiez, a Washington state-based skateboarding retailer, has opened its third Triad location at Tanger's Mebane outlets complex. This expansion highlights the regional retail strength, with other new additions to the 319,000-square-foot center including New Balance, Merrell, and Swarovski. The article also mentions upcoming events like the "Your Health Matters Summit" and "40 Under 40" nominations.
Shares of several retailers including Zumiez, Camping World, Monro, OneWater, and Kohl's experienced significant jumps following positive seasonal-shopping data. The National Retail Federation projected $13.5 billion in Halloween spending, and late-season back-to-school sales rose 4.2%, suggesting continued consumer demand for discretionary items. This data is seen as constructive for retailers as investors look ahead to the crucial fourth-quarter selling season.
Zumiez Inc. reported a second-quarter net loss of $2.7 million on sales of $209.0 million, a 2.5% decrease year-over-year. The decline was attributed to weaker U.S. performance, partly offset by growth in other regions. The company also saw significant insider selling activity and mixed institutional investor sentiment during the quarter.
Empowered Funds LLC recently acquired a new stake in Zumiez Inc. (NASDAQ:ZUMZ), purchasing 271,631 shares valued at approximately $4.84 million. This acquisition makes Empowered Funds LLC a 1.61% stakeholder, contributing to the 95.45% institutional ownership of the company. Despite reporting revenue growth, Zumiez posted an EPS loss of $0.82, narrowly missing expectations, and the stock opened near its 12-month low, with analysts maintaining a "Reduce" rating.
Zumiez (NASDAQ:ZUMZ) is scheduled to release its Q2 2027 earnings after the market closes on Thursday, September 3rd. Analysts are expecting a loss of $0.12 per share on revenues of $213.72 million. The company's previous quarter saw an adjusted loss of $0.82 per share, narrowly missing estimates, though revenue increased 4.9% year-over-year.
Paradigm Capital Management Inc. NY has acquired a new position of 373,821 shares in Zumiez Inc. (NASDAQ:ZUMZ) during the second quarter, valued at approximately $6.65 million, representing about 2.22% of the company. Other institutional investors also adjusted their holdings in Zumiez, while an insider recently sold shares. The company's stock shows a market cap of $312.26 million and analysts have a "Reduce" consensus rating with an average price target of $18.00.
Several retail stocks, including Best Buy, Dick's, Floor And Decor, RH, and Zumiez, experienced declines after Walmart's earnings report heightened concerns about consumer spending. Walmart's lower-than-expected comparable sales growth, cautious guidance, and increased fuel costs signaled a strained consumer, impacting discretionary and value retailers. This selloff occurred alongside broader negative economic indicators like falling retail sales and renewed consumer pessimism.
Empowered Funds LLC significantly increased its stake in Zumiez Inc. by 62.1% in the first quarter, now owning 261,755 shares valued at approximately $5.8 million. Despite this increased institutional interest, analysts maintain a "Reduce" rating for Zumiez with an $18 consensus price target, following a quarter where the company's revenue grew but EPS missed expectations. Insiders have also been selling shares, further contributing to a cautious outlook.
Wall Street Zen has upgraded Zumiez (NASDAQ:ZUMZ) from a "sell" to a "hold" rating, while Weiss Ratings downgraded it to a "sell (D)". The company reported a 4.9% year-over-year increase in quarterly revenue to $193.35 million, exceeding estimates, though adjusted EPS missed expectations at -$0.82. Insiders have sold 6,000 shares in the last three months, and institutional investors currently own 95.45% of the stock.