Zumiez, Inc. showed a loss in the second quarter ended July 29 on a sales decline of 11.6 percent, but results exceeded guidance as sales trends improved each month with encouraging early back-to-school sell-throughs.
Net sales for the second quarter ended July 29, 2023 (13 weeks) decreased 11.6 percent to $194.4 million from $220.0 million in the second quarter ended July 30, 2022 (13 weeks). Sales topped guidance in the range of $187 million to $192 million.
Net loss in the second quarter of fiscal 2023 was $8.5 million, or 44 cents per diluted share, compared to net income of $3.1 million, or 6 cents per diluted share, in the second quarter of the prior fiscal year. Results were better than company guidance calling for a loss between 63 cents to 73 cents.
For full details about the Zumiez CEO’s call with analysts, including an upbeat view of back-to-school and hope for Holiday, and segment and regional breakdowns, go here:
EXEC: Zumiez Hopeful for Holiday Selling After Q2 Beat and BTS Momentum
Photo courtesy Zumiez
