Zumiez Inc. Announces Fiscal 2026 First Quarter Results

(MENAFN- GlobeNewsWire - Nasdaq) First Quarter Comparable Sales Increased 4.0%
Operating Loss Improved to $15.2 million

LYNNWOOD, Wash., June 04, 2026 (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 first quarter ended May 2, 2026.

Net sales for the first quarter ended May 2, 2026 (13 weeks) increased 4.9% to $193.3 million from $184.3 million in the first quarter ended May 3, 2025 (13 weeks). Comparable sales for the thirteen weeks ended May 2, 2026, increased 4.0%. Net loss in the first quarter of fiscal 2026 was $13.3 million, or $0.82 per share, compared to a net loss of $14.3 million, or $0.79 per share, in the first quarter of the prior fiscal year. The first quarter of 2025 was negatively impacted by $2.9 million, or approximately $0.13 per share related to the settlement of a wage and hours lawsuit in California. Though operating income and net income improved year-over-year, EPS was down slightly given that the Company was in a loss position in the first quarter and reduced share counts through its share buyback programs.

On May 2, 2026, the Company had cash and current marketable securities of $124.2 million compared to cash and current marketable securities of $101.0 million on May 3, 2025. The increase was primarily driven by $47.5 million of cash flow from operations and the release of $3.0 million in restricted cash, partially offset by $19.0 million related to share repurchases and $10.5 million of capital expenditures. The Company repurchased 0.3 million shares during the first quarter of 2026 at an average cost including commission of $23.56 per share and a total cost of $6.2 million.

“We continue to make important progress towards sustained profitable growth,” said Rick Brooks, Chief Executive Officer of Zumiez Inc.“First quarter comparable sales increased mid-single digits for the second consecutive year driven by ongoing strength in our North American business and strong mid-single digit comps in Europe. Sales trends in the U.S. remained nicely positive during the quarter despite increasing pressure on consumers, underscoring the success of our recent merchandise assortments and customer experience initiatives. While still in the early innings, the work we are doing to replicate our full-price selling model in Europe is gaining traction, contributing to year-over-year improvements in sales and margin. Despite some softness in North America during the May period, we are encouraged that we have been able to grow sales and margin through the challenges in the macro environment and feel we are well positioned to capitalize during the key back-to-school and holiday seasons when the consumer has a reason to come out and shop.”

May 2026 Sales
Net sales for the four-week period ended May 30, 2026, increased 0.1% compared to the four-week period ended May 31, 2025. Comparable sales for the four-week period ending May 30, 2026, decreased 0.1% from the comparable period in the prior year. From a regional perspective, comparable sales for North America decreased 1.5% and other international comparable sales increased 7.2%.

Fiscal 2026 Second Quarter Outlook
The Company is introducing guidance for the three months ending August 1, 2026. Net sales are projected to be in the range of $210 to $215 million. Earnings per share are expected to be between a loss of $0.23 and a loss of $0.08.

In fiscal 2026 the Company currently intends to open approximately 5 new stores all located in North America and close roughly 26 stores, including 20 in North America and 6 internationally.

Conference call Information
To access the conference call, please pre-register using this link (Registration 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 .

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 May 30, 2026, we operated 715 stores, including 560 in the United States, 45 in Canada, 83 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, and

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's annual report on Form 10-K for the fiscal year ended February 1, 2025 as filed with the Securities and Exchange Commission and available at 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.

ZUMIEZ INC. CONDENSED CONSOLIDATED STATEMENTS OF LOSS (In thousands, except per share amounts) (Unaudited)
		Three Months Ended
		May 2, 2026		% of Sales			May 3, 2025		% of Sales
Net sales		$	193,348			100.0	%		$	184,343			100.0	%
Cost of goods sold			132,005			68.3	%			129,028			70.0	%
Gross profit			61,343			31.7	%			55,315			30.0	%
Selling, general and administrative expenses			76,535			39.6	%			75,187			40.8	%
Operating loss			(15,192	)		-7.9	%			(19,872	)		-10.8	%
Interest income, net			849			0.5	%			2,255			1.2	%
Other (expense) income, net			(112	)		-0.1	%			1,844			1.0	%
Loss, before income taxes			(14,455	)		-7.5	%			(15,773	)		-8.6	%
Benefit from income taxes			(1,189	)		-0.6	%			(1,443	)		-0.8	%
Net loss		$	(13,266	)		-6.9	%		$	(14,330	)		-7.8	%
Basic loss per share		$	(0.82	)				$	(0.79	)
Diluted loss per share		$	(0.82	)				$	(0.79	)
Weighted average shares used in computation of earnings per share
Basic			16,205						18,116
Diluted			16,205						18,116

ZUMIEZ INC. CONDENSED CONSOLIDATED BALANCE SHEETS (In thousands)
		May 2, 2026		January 31, 2026		May 3, 2025
		(Unaudited)				(Unaudited)
Assets
Current assets
Cash and cash equivalents		$	66,918			$	127,860			$	62,519
Marketable securities			57,242				32,764				38,443
Receivables			14,147				13,957				14,839
Inventories			153,189				146,995				149,864
Prepaid expenses and other current assets			15,085				14,407				15,525
Total current assets			306,581				335,983				281,190
Fixed assets, net			70,473				72,813				79,703
Operating lease right-of-use assets			190,805				185,604				185,901
Goodwill			15,589				15,519				15,329
Intangible assets, net			15,411				15,513				14,665
Deferred tax assets, net			7,621				6,349				10,215
Other long-term assets			12,259				12,390				12,097
Total long-term assets			312,158				308,188				317,910
Total assets		$	618,739			$	644,171			$	599,100
Liabilities and Shareholders' Equity
Current liabilities
Trade accounts payable		$	56,208			$	49,150			$	48,981
Accrued payroll and payroll taxes			17,659				28,221				16,563
Operating lease liabilities			55,824				54,023				54,388
Other current liabilities			27,767				36,136				26,943
Total current liabilities			157,458				167,530				146,875
Long-term operating lease liabilities			148,009				145,306				147,398
Other long-term liabilities			7,407				7,050				6,349
Total long-term liabilities			155,416				152,356				153,747
Total liabilities			312,874				319,886				300,622
Shareholders' equity
Preferred stock, no par value, 20,000 shares authorized; none issued and outstanding			-				-				-
Common stock, no par value, 50,000 shares authorized; 17,032 shares issued and outstanding at May 2, 2026, 16,971 shares issued and outstanding at January 31, 2026, and 17,770 shares issued and outstanding at May 3, 2025			213,822				211,764				205,595
Accumulated other comprehensive loss			(12,419	)			(11,438	)			(16,746	)
Retained earnings			104,462				123,959				109,629
Total shareholders' equity			305,865				324,285				298,478
Total liabilities and shareholders' equity		$	618,739			$	644,171			$	599,100

ZUMIEZ INC. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (In thousands) (Unaudited)
		Three Months Ended
		May 2, 2026		May 3, 2025
Cash flows from operating activities:
Net loss		$	(13,266	)		$	(14,330	)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation, amortization and accretion			4,898				5,387
Noncash lease expense			14,980				14,639
Deferred taxes			(1,194	)			(1,473	)
Stock-based compensation expense			2,024				1,828
Impairment of long-lived assets			511				462
Other			126				(765	)
Changes in operating assets and liabilities:
Receivables			777				(758	)
Inventories			(6,534	)			(119	)
Prepaid expenses and other assets			(729	)			299
Trade accounts payable			7,145				(1,357	)
Accrued payroll and payroll taxes			(10,537	)			(5,863	)
Income taxes payable			(4,926	)			(259	)
Operating lease liabilities			(15,947	)			(16,588	)
Other liabilities			(5,423	)			(3,187	)
Net cash used in operating activities			(28,095	)			(22,084	)
Cash flows from investing activities:
Additions to fixed assets			(1,707	)			(2,219	)
Purchases of marketable securities and other investments			(27,088	)			(7,055	)
Sales and maturities of marketable securities and other investments			2,544				5,086
Net cash used in investing activities			(26,251	)			(4,188	)
Cash flows from financing activities:
Proceeds from the issuance and exercise of stock-based awards, net of tax			34				378
Repurchase of common stock			(5,994	)			(25,215	)
Net cash used in financing activities			(5,960	)			(24,837	)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash			(645	)			1,608
Net decrease in cash, cash equivalents, and restricted cash			(60,951	)			(49,501	)
Cash, cash equivalents, and restricted cash, beginning of period			134,113				121,517
Cash, cash equivalents, and restricted cash, end of period		$	73,162			$	72,016
Supplemental disclosure on cash flow information:
Cash paid during the period for income taxes		$	4,912			$	412
Accrual for purchases of fixed assets			1,033				982
Accrual for repurchase of common stock			237				-

Company Contact:
Darin White
Director of Finance & Investor Relations
Zumiez Inc.
(425) 551-1500, ext. 1337

Investor Contact:
ICR
Brendon Frey
(203) 682-8200

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