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Article Date: November 2023
Word Count: 345

Zumiez Guides for Full-year Loss


The bottom line swung to a $2,231,000 loss in Q3 from a profit of $6,932,000 a year ago, as revenues slid 9% to $216,339,000 from $237,591,000, a sequential improvement after a 17% drop in Q1 and a 12% decline in Q2. Comps dropped 9.2%, including a decrease in transactions but an increase in dollars per transaction, driven by higher AUR and units per transaction. ZUMZ said its customer base is feeling the effects of higher inflation and is spending more cautiously, looking more at price and giving more consideration to private ... Log in to view full article.

 


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