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Zumiez
(NASDAQ:ZUMZ)
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Rating:50Neutral
Price Target:
$14.50
▼(-21.41% Downside)
Action:Reiterated
Date:09/12/26
The score is held back primarily by bearish technicals (price below all major moving averages with negative MACD) and a negative earnings outlook (weak Q3 guidance and reduced visibility from withdrawing specific full-year EPS guidance). Financial performance is improving with positive free cash flow and better margins versus 2024, but thin profitability and weak top-line momentum limit confidence; valuation appears roughly moderate at ~18x earnings.
Positive Factors
Positive cash generation
Positive operating and free cash flow indicate that current earnings are supported by cash conversion rather than relying solely on accounting gains. This provides funding for store investments and strategic initiatives while improving resilience over the next several quarters, despite uneven historical cash flow.
Negative Factors
Weak top-line momentum
Declining sales and comparable transactions indicate weaker customer demand in Zumiez’s core North American market. Persistent softness can reduce store productivity, limit operating leverage, and make margin recovery harder because fixed occupancy and labor costs are spread across fewer sales.
Read all positive and negative factors
Positive Factors
Negative Factors
Positive cash generation
Positive operating and free cash flow indicate that current earnings are supported by cash conversion rather than relying solely on accounting gains. This provides funding for store investments and strategic initiatives while improving resilience over the next several quarters, despite uneven historical cash flow.
Read all positive factors
Zumiez (ZUMZ) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$223.06M
Dividend YieldN/A
Average Volume (3M)250.92K
Price to Earnings (P/E)18.2
Beta (1Y)1.34
Revenue Growth3.61%
EPS Growth7189.81%
CountryUS
Employees9,000
SectorConsumer Cyclical
Sector Strength84
IndustryApparel - Retail
Share Statistics
EPS (TTM)0.80
Shares Outstanding15,330,613
10 Day Avg. Volume299,382
30 Day Avg. Volume250,924
Financial Highlights & Ratios
PEG Ratio-0.03
Price to Book (P/B)1.27
Price to Sales (P/S)0.44
P/FCF Ratio7.60
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)0.87
Revenue Forecast (FY)$935.80M
Zumiez Business Overview & Revenue Model
Company Description
Zumiez Inc., along with its various affiliates, operates as a specialized merchant providing a diverse selection of apparel, footwear, accessories, and action sports equipment designed for a youthful male and female demographic. The company's cate...
How the Company Makes Money
Zumiez primarily makes money by selling consumer products at retail through two main channels: (1) physical stores and (2) e-commerce websites. Revenue is generated when customers purchase apparel (such as tops, bottoms, and outerwear), footwear, ...
Zumiez Earnings Call Summary
Earnings Call Date:Sep 10, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 26, 2026
Earnings Call Sentiment Negative
The call was negative overall. Management highlighted international sales growth, a strong balance sheet, healthy inventory, strategic investments, and share repurchases, but these positives were outweighed by U.S. sales softness, footwear and transaction declines, second-quarter losses, quarter-to-date deterioration, margin pressure, a materially weaker third-quarter outlook, the withdrawal of specific full-year earnings guidance, and a revised expectation for lower full-year operating margin.Positive Updates
International Sales Growth in the Second Quarter
Other international net sales, consisting of Europe and Australia, increased 2.5% to $35.1 million, while other international comparable sales increased 2.1%. Canada, Europe, and Australia all had positive comparable sales growth for the quarter.
Negative Updates
Second-Quarter Revenue and Comparable-Sales Decline
Second-quarter net sales decreased 2.5% to $209 million from $214 million, and comparable sales decreased 2.1%. Management said results were short of expectations due to softness in the U.S.
Read all updates
Q2-2026 Updates
Positive
Negative
International Sales Growth in the Second Quarter
Other international net sales, consisting of Europe and Australia, increased 2.5% to $35.1 million, while other international comparable sales increased 2.1%. Canada, Europe, and Australia all had positive comparable sales growth for the quarter.
Read all positive updates
Company Guidance
For the third quarter of fiscal 26, Zumiez is anticipating total sales between $222 million and $226 million for the 13 weeks ended October 31, 2026, representing a decline in sales of 5.5% to 7% compared to the prior year, with comparable sales expected to be between -5% and -6.5%; product margin is expected to be down 20- to 40-basis-points, consolidated operating income is expected to be between 1% and 1.7% of sales, and earnings per share is expected to be between $0.00 and $0.10, compared to $0.55 in the prior year. For full fiscal 26, the company will refrain from providing specific full year earnings guidance, but believes sales will be down low single digits to the prior year, including the $12 million of negative impact of closed stores; consolidated product margin will be roughly flat to the prior year, gross margin will be roughly flat to the prior year as a percent of sales, SG&A is expected to be down slightly in total dollars, operating margin is now expected to be down slightly in fiscal 26, barring significant deterioration in the consumer environment, compared to previously communicated levels of 50 to 100 basis points of growth, and the full year effective tax rate is anticipated to be roughly 55% compared to 44% in fiscal 25; the company plans to open 5 new stores, close approximately 16 stores, spend between $13 million and $15 million on capital expenditures, record approximately $19.2 million of depreciation and amortization, excluding noncash lease expense, and have a diluted share count of approximately 15.8 million shares.Zumiez Financial Statement Overview
Summary
Income Statement
54
Neutral
Balance Sheet
58
Neutral
Cash Flow
56
Neutral
| Breakdown | TTM | Jan 2026 | Jan 2025 | Jan 2024 | Jan 2023 | Jan 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 932.75M | 929.06M | 889.20M | 875.49M | 958.38M | 1.18B |
| Gross Profit | 336.40M | 332.54M | 303.04M | 280.89M | 324.68M | 456.73M |
| EBITDA | 37.45M | 38.16M | 24.11M | -39.12M | 52.73M | 180.74M |
| Net Income | 12.70M | 13.38M | -1.71M | -62.61M | 21.03M | 119.29M |
Balance Sheet | ||||||
| Total Assets | 627.39M | 699.84M | 634.88M | 664.23M | 747.90M | 862.01M |
| Cash, Cash Equivalents and Short-Term Investments | 97.27M | 160.62M | 147.56M | 171.58M | 173.49M | 294.48M |
| Total Debt | 227.20M | 199.33M | 199.82M | 220.76M | 254.29M | 267.89M |
| Total Liabilities | 348.38M | 375.56M | 305.90M | 311.02M | 340.57M | 393.69M |
| Stockholders Equity | 279.01M | 324.29M | 328.98M | 353.21M | 407.33M | 468.32M |
Cash Flow | ||||||
| Free Cash Flow | 33.54M | 54.29M | 5.70M | -5.59M | -26.01M | 119.20M |
| Operating Cash Flow | 35.70M | 53.47M | 20.70M | 14.76M | -379.00K | 134.95M |
| Investing Cash Flow | -29.79M | -6.39M | 32.60M | -8.55M | 54.21M | 101.64M |
| Financing Cash Flow | -33.78M | -37.34M | -24.60M | 704.00K | -87.26M | -191.41M |
Zumiez Technical Analysis
Negative
18.45
Price Trends
18.49
Negative
20.19
Negative
22.68
Negative
Market Momentum
-0.64
Positive
24.40
Positive
14.30
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ZUMZ, the sentiment is Negative. The current price of 18.45 is above the 20-day moving average (MA) of 17.80, below the 50-day MA of 18.49, and below the 200-day MA of 22.68, indicating a bearish trend. The MACD of -0.64 indicates Positive momentum. The RSI at 24.40 is Positive, neither overbought nor oversold. The STOCH value of 14.30 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for ZUMZ.
Zumiez Risk Analysis
Zumiez disclosed 31 risk factors in its most recent earnings report. Zumiez reported the most risks in the "Production" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Zumiez Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | $6.16B | 12.24 | 39.59% | 6.86% | 4.73% | 8.69% | |
79 Outperform | $6.73B | 12.09 | 20.72% | ― | 11.01% | 24.97% | |
73 Outperform | $1.12B | 5.54 | 20.84% | 3.29% | 5.17% | 41.92% | |
64 Neutral | $2.52B | 7.51 | 20.04% | 3.33% | 8.21% | 89.24% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
56 Neutral | $140.70M | 64.79 | 2.37% | 12.82% | 6.07% | ― | |
50 Neutral | $223.06M | 18.19 | 4.21% | ― | 3.61% | 7189.81% |
* Consumer Cyclical Sector Average
ZUMZ
Zumiez
14.55
-5.48
-27.36%
ANF
Abercrombie Fitch
145.23
57.61
65.75%
AEO
American Eagle
15.02
-4.09
-21.38%
CRI
Carter's
30.43
<0.01
0.03%
TLYS
Tilly's
4.60
2.60
130.00%
URBN
Urban Outfitters
78.58
6.61
9.18%
Zumiez Corporate Events
Business Operations and StrategyExecutive/Board Changes
Zumiez Announces Planned CFO Transition and Leadership Search
Neutral
Jul 1, 2026
Zumiez Inc. announced that Chief Financial Officer Christopher C. Work has decided to step down from his role, after nearly 19 years of service to the company, with his notice given on June 30, 2026. He will remain in the CFO position and support ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.