Zumiez IncZUMZ
▼ NegativeCapitalrelevance
Q2 net loss widened and fiscal 2026 outlook cut on weaker sales and margin contraction
Impact on stocks 2
Consumer Discretionary
Zumiez IncElectrification & Mobility
Tesla IncTSLA
Mentioned
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.
Zumiez IncQ2 net loss widened and fiscal 2026 outlook cut on weaker sales and margin contraction
Tesla Inc