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Total Sales: $279.2 million for Q4 2024, a decrease of 0.9% from Q4 2023.
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Comparable Sales: Increased 5.9% for the 13-week period ended February 1, 2025.
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Gross Margin: 36.2% for Q4 2024, up from 34.3% in Q4 2023.
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Operating Income: $20.1 million for Q4 2024, compared to an operating loss of $32.8 million in Q4 2023.
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Net Income: $14.8 million or $0.78 per share for Q4 2024, compared to a net loss of $33.5 million or $1.73 per share in Q4 2023.
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SG&A Expense: $80.9 million or 29% of net sales for Q4 2024, compared to $129.4 million or 45.9% of net sales in Q4 2023.
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Cash and Marketable Securities: $147.6 million as of February 1, 2025.
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Inventory: $146.6 million, up 13.8% from the previous year.
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Store Closures: Closed 31 underperforming locations in 2024.
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Private Label Sales: Accounted for nearly 28% of total sales in 2024.
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North America Comparable Sales: Up 7.2% for Q4 2024.
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International Comparable Sales: Up 1.9% for Q4 2024.
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First Quarter 2025 Sales Guidance: Expected between $179 million and $183 million.
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First Quarter 2025 Comparable Sales Guidance: Expected between 3% and 5%.
Release Date: March 13, 2025
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
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Zumiez Inc (NASDAQ:ZUMZ) reported a 5.9% increase in comparable sales for the fourth quarter, marking the third consecutive quarter of positive growth.
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Operating profit more than doubled to $20 million, and EPS increased by 95% to $0.78 after adjustments.
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The men’s and women’s categories showed strong performance, with the women’s category becoming the largest growth segment for the quarter.
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The company successfully launched over 120 new brands in 2024, contributing significantly to sales.
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Zumiez Inc (NASDAQ:ZUMZ) maintained a strong balance sheet with $147.6 million in cash and no debt, providing flexibility for future investments.
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Total sales for the fourth quarter were $279 million, which was $7 million below the midpoint of initial guidance.
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The North American business experienced lower than planned sales in mid to late December, impacting overall performance.
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International sales, particularly in Europe, faced challenges with a 4.1% decline in comparable sales for the year.
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Inventory levels increased by 13.8% year-over-year, partly due to sales shortfalls leading into the Christmas holiday.
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The company anticipates a consolidated operating loss for the first quarter of fiscal 2025, with a projected loss per share between $0.72 and $0.82.
