Zumiez Inc. Reports 4.9% Net Sales Increase and $13.3 Million Net Loss for Quarter Ended May 2, 2026

Zumiez Inc. reported a net sales increase of 4.9% for the three months ended May 2, 2026, reaching $193.3 million compared to $184.3 million in the same period last year. This growth was primarily driven by a 4.0% increase in comparable sales, which reflected a rise in dollars per transaction, although it was partially offset by a net closure of 16 stores. The company's gross profit also improved, rising to $61.3 million, a 10.9% increase from $55.3 million in the prior year, resulting in a gross profit margin of 31.7%, up from 30.0%. Despite these gains, Zumiez reported a net loss of $13.3 million, or $0.82 per diluted share, an improvement from the $14.3 million loss, or $0.79 per diluted share, recorded in the same quarter of the previous year.

In terms of operational changes, Zumiez's total current assets decreased to $306.6 million from $336.0 million at the end of the previous fiscal period, primarily due to a reduction in cash and cash equivalents, which fell to $66.9 million from $127.9 million. The company’s total liabilities also decreased to $312.9 million from $319.9 million, reflecting a reduction in current liabilities. The company continues to operate 714 stores globally, with 559 in the U.S., 83 in Europe, 45 in Canada, and 27 in Australia.

Strategically, Zumiez has initiated a stock repurchase program, authorizing the repurchase of up to $40 million of its common stock, which is expected to continue through January 2028. As of May 2, 2026, the company had repurchased 265 shares at an average price of $23.56 per share. The company also reported a significant increase in marketable securities, which rose to $57.2 million from $32.8 million, indicating a strategic shift towards maintaining liquidity.

Looking ahead, Zumiez anticipates spending between $14 million and $16 million on capital expenditures in fiscal 2026, primarily for new store openings and remodels. The company plans to open approximately five new stores during the fiscal year. However, it acknowledges potential challenges, including economic uncertainties and competitive pressures in the retail sector, which could impact future performance. The management remains focused on optimizing customer engagement and enhancing operational efficiencies to drive growth in the coming quarters.