Zumiez Q2 sales miss estimates driven by soft demand in US, lower traffic levels

Zumiez

10/09/2026 21:15

Overview
U.S. specialty apparel retailer's Q2 net sales fell 2.5% yr/yr, comparable sales down 2.1%
Q2 net loss widened to $2.7 mln from $1.0 mln a year earlier
Company repurchased 1.2 mln shares in Q2 at a total cost of $23.2 mln

Outlook
Zumiez projects Q3 net sales between $222 mln and $226 mln
Company expects Q3 EPS between $0.00 and $0.10
Zumiez plans to open 5 new stores and close 16 stores in fiscal 2026

Result Drivers
U.S. WEAKNESS - Co said Q2 results were hurt by continued softness in U.S. footwear and lower traffic levels
INTERNATIONAL GROWTH - Growth in international regions partially offset U.S. declines

Company press release: ID:nGNX9KWmcy

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Sales
Miss
$208.96 mln
$212.11 mln (2 Analysts)
Q2 Loss Per Share
 
$0.17
 
Q2 Net Loss
 
$2.74 mln
 

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the apparel & accessories retailers peer group is "buy."
The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 21 three months ago

Reuters Recommended Reads
Sept 9 - Footwear retailer Caleres' Q2 sales beat estimates on gains across brands
Sept 10 - Shoe Station Group's Q2 sales miss estimates, lowers outlook
Sept 9 - Women's apparel retailer J.Jill beats Q2 profit on tariff refund

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)