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.
Looking back on apparel retailer stocks’ Q3 earnings, we examine this quarter’s best and worst performers, including American Eagle (NYSEAEO) and its peers.
As the Q3 earnings season wraps, let’s dig into this quarter’s best and worst performers in the apparel retailer industry, including Urban Outfitters (NASDAQURBN) and its peers.
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).
