Zumiez Inc
NASDAQ:ZUMZ
Zumiez Inc
Zumiez, Inc. engages in retailing of apparel, footwear, accessories, and hardgoods for young men and women. The company is headquartered in Lynnwood, Washington and currently employs 2,500 full-time employees. The company went IPO on 2005-05-06. The firm operates under the names Zumiez, Blue Tomato and Fast Times. The company operates e-commerce Websites at zumiez.com, zumiez.ca, blue-tomato.com and fasttimes.com.au. The firm operates approximately 739 stores, which includes over 604 in the United States (U.S.), approximately 52 in Canada, over 66 in Europe and approximately 17 in Australia. The company owns approximately 356,000 square feet of land in Lynnwood. The firm owns over 168,450 square foot building in Corona, California that serves as its domestic warehouse and distribution center. Its subsidiaries include Zumiez Nevada, LLC, ZIC, LLC, ZIC II, LLC, Zumiez International, LLC, Zumiez Services Inc., Zumiez Distribution LLC, Zumiez Canada Holdings Inc., Zumiez Europe Holding GmbH, Blue Tomato Schweiz GmbH and Blue Tomato GmbH.
Zumiez, Inc. engages in retailing of apparel, footwear, accessories, and hardgoods for young men and women. The company is headquartered in Lynnwood, Washington and currently employs 2,500 full-time employees. The company went IPO on 2005-05-06. The firm operates under the names Zumiez, Blue Tomato and Fast Times. The company operates e-commerce Websites at zumiez.com, zumiez.ca, blue-tomato.com and fasttimes.com.au. The firm operates approximately 739 stores, which includes over 604 in the United States (U.S.), approximately 52 in Canada, over 66 in Europe and approximately 17 in Australia. The company owns approximately 356,000 square feet of land in Lynnwood. The firm owns over 168,450 square foot building in Corona, California that serves as its domestic warehouse and distribution center. Its subsidiaries include Zumiez Nevada, LLC, ZIC, LLC, ZIC II, LLC, Zumiez International, LLC, Zumiez Services Inc., Zumiez Distribution LLC, Zumiez Canada Holdings Inc., Zumiez Europe Holding GmbH, Blue Tomato Schweiz GmbH and Blue Tomato GmbH.
Strong Q3 Results: Zumiez delivered top and bottom line results that were meaningfully up versus last year and exceeded expectations, with EPS of $0.55 well above guidance.
Comps Growth: Comparable sales grew 7.6% in Q3, marking the sixth consecutive quarter of positive comps, led by double-digit growth in North America.
Momentum Continues: Q4 is off to a strong start, with comparable sales up 6.6% to date, and North America comps up 7.8%.
Margin Expansion: Gross margin rose 240 basis points to 37.6%, benefiting from higher product margins, lower shrinkage, and store closures.
Private Label Strength: Private label penetration reached just under 31% of sales, its highest ever, contributing meaningfully to product margin gains.
Guidance Raised: Q4 sales are expected between $291–$296 million, with EPS guided to $0.97–$1.07, above last year. Full-year EPS guidance is $0.57–$0.67, up from a loss in the prior year.
Inventory & Balance Sheet: Inventory was down 3.5% year-over-year, and the company ended the quarter with $104.5 million in cash and no debt.
International Headwinds: International comps remain challenged, especially in Europe, but showed sequential improvement and margin gains through disciplined full-price selling.
