Overview

* Zumiez ( ZUMZ ) fiscal Q2 revenue rises 1.9%, beating analysts' expectations, per LSEG data

* Comparable sales for fiscal Q2 up 2.5% year-over-year

* Company posted a net loss of $1.0 mln, or $0.06 per share

Outlook

* Zumiez ( ZUMZ ) projects Q3 net sales between $232 mln and $237 mln

* Company expects Q3 comparable sales growth of 5.5% to 7.5%

* Zumiez ( ZUMZ ) anticipates Q3 EPS of $0.19 to $0.29

* Company plans to open 6 new stores in fiscal 2025

Result Drivers

* NORTH AMERICA PERFORMANCE - Strong performance in North America with a 4.2% increase in Q2 comparable sales, per CEO Rick Brooks

* MERCHANDISE INITIATIVES - Successful merchandise and customer experience initiatives contributed to sales acceleration, according to CEO

* BACK-TO-SCHOOL SALES - Third quarter-to-date sales growth led by 11.2% increase in comparable sales during back-to-school period, as stated by CEO

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Sales Beat $214.28 $210.50

mln mln (3

Analysts

)

Q2 EPS -$0.06

Q2 Net -$1 mln

Income

Q2 Basic -$0.06

EPS

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the apparel & accessories retailers peer group is "buy."

* Wall Street's median 12-month price target for Zumiez Inc ( ZUMZ ) is $14.00, about 25.3% below its September 3 closing price of $17.54

* The stock recently traded at 38 times the next 12-month earnings vs. a P/E of 37 three months ago

Press Release:

(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.)