Zumiez Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended October 28, 2023
November 30, 2023 at 04:05 pm EST
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Zumiez Inc. reported earnings results for the third quarter and nine months ended October 28, 2023. For the third quarter, the company reported sales was USD 216.34 million compared to USD 237.59 million a year ago. Net loss was USD 2.23 million compared to net income of USD 6.93 million a year ago. Basic loss per share from continuing operations was USD 0.12 compared to basic earnings per share from continuing operations of USD 0.36 a year ago. Diluted loss per share from continuing operations was USD 0.12 compared to diluted earnings per share from continuing operations of USD 0.36 a year ago.
For the nine months, sales was USD 593.66 million compared to USD 678.27 million a year ago. Net loss was USD 29.12 million compared to net income of USD 9.6 million a year ago. Basic loss per share from continuing operations was USD 1.51 compared to basic earnings per share from continuing operations of USD 0.5 a year ago. Diluted loss per share from continuing operations was USD 1.51 compared to diluted earnings per share from continuing operations of USD 0.49 a year ago.
Zumiez Inc. is a specialty retailer of apparel, footwear, accessories and hardgoods for young men and women through the fashion, music, art and culture of action sports, streetwear and other lifestyles. The Company operates under the names Zumiez, Blue Tomato and Fast Times. It operates ecommerce websites at zumiez.com, zumiez.ca, blue-tomato.com and fasttimes.com.au. It operates over 756 stores: 597 in the United States, 47 in Canada, 87 in Europe and 25 in Australia. It owns approximately 356,000 square feet of land in Lynnwood, Washington, on which it owns a 63,071 square foot home office. It leases 14,208 square feet of office space in Schladming, Austria for its European home office. It also owns a 168,450 square foot building in Corona, California that serves as its domestic warehouse and distribution center. It operates 756 stores in various locations, including Alabama, Nevada, British Columbia, Alberta, Austria, Netherlands, South Australia, Queensland and others.