Jun. 5 at 11:25 PM
Zumiez shares plunged after the action-sports retailer reported a wider-than-expected Q1 loss and issued disappointing Q2 guidance. The company posted a Q1 loss of
$0.82 per share and revenue of
$193.3 million, both below expectations. Investors were particularly concerned by management’s forecast for a Q2 loss of
$0.08–
$0.23 per share, versus expectations for a profit, and revenue guidance of
$210–
$215 million, below the roughly
$218 million consensus. Management cited shifting macroeconomic conditions and growing consumer pressure.
William Blair said near-term upside depends heavily on the back-to-school season, while noting the company remains focused on full-price selling and gross-margin improvement. Additional pressure came from a recent insider stock sale, weakening technical momentum, and plans to close about 26 stores in fiscal 2026 while opening only five.
$ZUMZ