Zumiez Inc

Zumiez Inc. reported weaker-than-expected second-quarter results and lowered its full-year outlook, sending the stock lower. For the quarter ended August 1, 2026, net sales fell 2.5% year-over-year to $209 million, with comparable sales down 2.1% as weakness in the US offset positive comparable sales growth in Canada, Europe, and Australia. The company posted a net loss of $2.7 million, or $0.17 per share, compared with a net loss of $1.0 million, or $0.06 per share, a year earlier. For the third quarter ending October 31, 2026, Zumiez guided to net sales of $222 million to $226 million and earnings per share of $0.00 to $0.10, both below Wall Street expectations, and management now expects fiscal 2026 sales to decline by low single digits with operating margin falling slightly, versus its previous expectation for 50 to 100 basis points of operating-margin expansion. The company ended the quarter with $97.3 million in cash and marketable securities, no debt, and an unused $25 million credit facility, and repurchased 1.2 million shares for $23.2 million.

Copart agreed to acquire digital dealer auction platform ACV Auctions for $10.50 per share in cash, implying an equity value of about $1.9B, sending ACVA shares up 44% while Copart rose 7%. The offer represents a roughly 45% premium to ACV's unaffected August 10 close and 41% to its 30-day volume-weighted average price through September 9, and the deal, unanimously approved by both boards, is expected to close by the end of calendar 2026 subject to antitrust clearance. Oracle shares surged 7% after the IT giant reported FQ1 results and guidance that topped Wall Street estimates, with revenue up 30% Y/Y, cloud revenue rising 62% to $11.6B, infrastructure revenue jumping 121% to $7.4B, and remaining performance obligations climbing $209B to $664B, including more than $30B in new AI cloud contracts. Zumiez plunged 16% after the retailer reported a wider Q2 loss and weaker-than-expected sales, with GAAP EPS of -$0.17 missing by $0.03, revenue falling 2.5% Y/Y to $208.96M, and comparable sales declining 2.1%. Adobe fell 3% even though the Photoshop maker's FQ3 adjusted EPS of $6.13 beat by $0.05 and revenue rose 13% Y/Y to $6.76B, as its FQ4 revenue guidance of $6.8B-$6.85B came in slightly below the $6.84B consensus at the midpoint.