Net sales for the 13-week period ended May 2, 2026, rose 4.9 per cent year on year (YoY) to $193.3 million from $184.3 million in the corresponding quarter of FY25. Comparable sales increased 4.0 per cent during the quarter, marking the second consecutive year of mid-single-digit growth.
US-based Zumiez has reported Q1 FY26 net sales of $193.3 million, up 4.9 per cent YoY, while comparable sales rose 4 per cent.
Net loss narrowed to $13.3 million from $14.3 million a year earlier, and operating loss improved to $15.2 million.
The retailer ended the quarter with $124.2 million in cash and expects Q2 sales of $210-215 million.
“We continue to make important progress towards sustained profitable growth,” said Rick Brooks, CEO of Zumiez. He noted that strong sales performance in North America and improving results in Europe reflected successful merchandise assortments and customer experience initiatives.
Net loss narrows as operating performance improves
The company reported a net loss of $13.3 million, or $0.82 per share, compared with a net loss of $14.3 million, or $0.79 per share, in the prior-year period. Operating loss improved to $15.2 million. The FY25 first quarter results had been impacted by a $2.9 million settlement related to a California wage-and-hours lawsuit, Zumiez said in a press release.
As of May 2, 2026, Zumiez held cash and current marketable securities of $124.2 million, up from $101.0 million a year earlier. The increase was mainly supported by $47.5 million in operating cash flow and the release of $3.0 million in restricted cash, partly offset by $19 million spent on share repurchases and $10.5 million in capital expenditure.
For the four-week period ended May 30, 2026, net sales edged up 0.1 per cent YoY, while comparable sales declined 0.1 per cent. Regional comparable sales fell 1.5 per cent in North America but increased 7.2 per cent in international markets.
Zumiez guides narrower loss for Q2
Looking ahead, Zumiez expects second-quarter FY26 net sales to range between $210 million and $215 million. Earnings per share are projected between a loss of $0.23 and a loss of $0.08.
The company also plans to open around five new stores, all in North America, and close approximately 26 stores during FY26, including 20 in North America and six international locations.
Fibre2Fashion News Desk (SG)
