ZUMZ earnings analysis
What we found in ZUMZ's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
Zumiez Inc. reported Q1 results for the period ending May 2, 2026, showing a modest increase in net sales but continued net losses. Revenue was $193.3 million, up 4.9% year-over-year, primarily driven by comparable sales growth. Despite gross margin improvements, a net loss of $13.3 million was reported, slightly better than the previous year's loss of $14.3 million, reflecting ongoing operational challenges and high SG&A costs.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Revenue Growth
- Net sales increased 4.9% from $184.3M last year to $193.3M.
- Gross Margin Improvement
- Gross profit rose 10.9% to $61.3M, with gross margin up 170 bps to 31.7%.
- Reduction in Net Loss
- Net loss reduced to $13.3M compared to $14.3M in the same quarter last year.
- Segment Sales Growth
- North America sales grew by 3.9%, totaling $145.4M, while international sales rose by 9.1%.
- Increase in Marketable Securities
- Marketable securities increased from $32.8M to $57.2M, indicating improved liquidity.
- Decrease in Long-term Debt
- Total long-term liabilities decreased from $152.4M to $155.4M, indicating a reduction in financial obligations.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Operating Cash Flow Decline
- Net cash used in operating activities grew to $28.1M from $22.1M in the previous year.
- Continued Net Loss
- Net loss of $13.3M reflects persistent profitability challenges.
- Increased SG&A Costs
- SG&A expenses rose 1.8% to $76.5M, impacting overall profitability.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $-0.82
- Gross margin
- 31.7%
- Operating margin
- -7.9%
- Segment
- North America: $145.4M
- Segment
- Europe: $32.8M
- Segment
- Canada: $10.2M
- Segment
- Australia: $5.0M
What they said about what is next.
Outlook deferred to earnings press release / call.
The filing reads about the same as the one before it.
What came before.
- 10-K · March 12, 2026
- Zumiez’s 10-K emphasizes an omnichannel specialty-retail strategy (Zumiez, Blue Tomato, Fast Times) centered on stores + ecommerce, category breadth and private‑label growth. The company finished the fiscal year with…
- 10-Q · December 4, 2025
- Zumiez reported a strong Q3: net sales rose to $239,132,000 (from $222,475,000) and diluted EPS jumped to $0.55 (from $0.06), both beating expectations. Gross margin expanded to 37.6% and operating margin improved to…
- 10-Q · September 4, 2025
- Zumiez reported quarterly net sales of $214,275 (thousands), up $4,096 from $210,179 in the prior-year quarter, with gross profit rising to $76,018 (gross margin ~35.5%). Operating profit swung to a small gain of $107…
- 10-K · March 13, 2025
- Zumiez positions itself as a leading specialty retailer for action-sports and streetwear customers with an integrated store + ecommerce strategy and international banners (Zumiez, Blue Tomato, Fast Times). The company…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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