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

Zumiez

10/09/2026 21:15

((This story was generated using AI and automation, please see
disclaimer https://bit.ly/rtrsnai))
    
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/Mis  Actual    Consensu
           s                   s
                               Estimate
 Q2 Sales  Miss      $208.96   $212.11
                     mln       mln (2
                               Analysts
                               )
 Q2 Loss             $0.17      
 Per                           
 Share                         
 Q2 Net              $2.74      
 Loss                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 .

    (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.)