{"url_path":"/sec/zumz/8-k/2026-06-04/body","section_key":"body","section_title":"Body","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-06-04","source_url":"https://www.sec.gov/Archives/edgar/data/1318008/0001171843-26-003916-index.html","accession_number":"0001171843-26-003916","cik":"0001318008","ticker":"ZUMZ","issuer_name":"Zumiez Inc","edgar_url":"https://www.sec.gov/Archives/edgar/data/1318008/0001171843-26-003916-index.html","primary_entity_key":"0001318008","primary_entity_name":"Zumiez Inc"},"word_count":1694,"has_tables":true,"body_markdown":"EX-99.1\n2\nexh_991.htm\nPRESS RELEASE\n\nEdgarFiling\n**EXHIBIT 99.1**\n\n**Zumiez Inc. Announces Fiscal 2026 First Quarter Results**\n\n****\n\n**First Quarter Comparable Sales Increased 4.0%**\n**Operating Loss Improved to $15.2 million**\n\nLYNNWOOD, Wash., June 04, 2026 (GLOBE NEWSWIRE) -- Zumiez Inc. (NASDAQ: ZUMZ) a leading specialty retailer of apparel, footwear, equipment and accessories for young men and women, today reported results for the first quarter ended May 2, 2026. \n\nNet sales for the first quarter ended May 2, 2026 (13 weeks) increased 4.9% to $193.3 million from $184.3 million in the first quarter ended May 3, 2025 (13 weeks). Comparable sales for the thirteen weeks ended May 2, 2026, increased 4.0%. Net loss in the first quarter of fiscal 2026 was $13.3 million, or $0.82 per share, compared to a net loss of $14.3 million, or $0.79 per share, in the first quarter of the prior fiscal year. The first quarter of 2025 was negatively impacted by $2.9 million, or approximately $0.13 per share related to the settlement of a wage and hours lawsuit in California. Though operating income and net income improved year-over-year, EPS was down slightly given that the Company was in a loss position in the first quarter and reduced share counts through its share buyback programs.\n\nOn May 2, 2026, the Company had cash and current marketable securities of $124.2 million compared to cash and current marketable securities of $101.0 million on May 3, 2025. The increase was primarily driven by $47.5 million of cash flow from operations and the release of $3.0 million in restricted cash, partially offset by $19.0 million related to share repurchases and $10.5 million of capital expenditures. The Company repurchased 0.3 million shares during the first quarter of 2026 at an average cost including commission of $23.56 per share and a total cost of $6.2 million.\n\n“We continue to make important progress towards sustained profitable growth,” said Rick Brooks, Chief Executive Officer of Zumiez Inc. “First quarter comparable sales increased mid-single digits for the second consecutive year driven by ongoing strength in our North American business and strong mid-single digit comps in Europe. Sales trends in the U.S. remained nicely positive during the quarter despite increasing pressure on consumers, underscoring the success of our recent merchandise assortments and customer experience initiatives. While still in the early innings, the work we are doing to replicate our full-price selling model in Europe is gaining traction, contributing to year-over-year improvements in sales and margin. Despite some softness in North America during the May period, we are encouraged that we have been able to grow sales and margin through the challenges in the macro environment and feel we are well positioned to capitalize during the key back-to-school and holiday seasons when the consumer has a reason to come out and shop.”\n\nMay 2026 Sales\nNet sales for the four-week period ended May 30, 2026, increased 0.1% compared to the four-week period ended May 31, 2025. Comparable sales for the four-week period ending May 30, 2026, decreased 0.1% from the comparable period in the prior year. From a regional perspective, comparable sales for North America decreased 1.5% and other international comparable sales increased 7.2%.\n\nFiscal 2026 Second Quarter Outlook\nThe Company is introducing guidance for the three months ending August 1, 2026. Net sales are projected to be in the range of $210 to $215 million. Earnings per share are expected to be between a loss of $0.23 and a loss of $0.08.\n\nIn fiscal 2026 the Company currently intends to open approximately 5 new stores all located in North America and close roughly 26 stores, including 20 in North America and 6 internationally. \n\nConference call Information \nTo access the conference call, please pre-register using this link (Registration Link)**.** Registrants will receive confirmation with dial-in details. The conference call will also be available to interested parties through a live webcast at https://ir.zumiez.com. To avoid delays, we encourage participants to dial into the conference call fifteen minutes ahead of the scheduled start time. A replay of the webcast will also be available for a limited time at https://ir.zumiez.com.\n\n**About Zumiez Inc.**\n\nZumiez is a leading specialty retailer of apparel, footwear, accessories and hardgoods for young men and women who want to express their individuality through the fashion, music, art and culture of action sports, streetwear, and other unique lifestyles. As of May 30, 2026, we operated 715 stores, including 560 in the United States, 45 in Canada, 83 in Europe and 27 in Australia. We operate under the names Zumiez, Blue Tomato and Fast Times. Additionally, we operate ecommerce web sites at zumiez.com, zumiez.ca, blue-tomato.com and fasttimes.com.au.\n\n**Safe Harbor Statement**\n\nCertain statements in this press release and oral statements relating thereto made from time to time by representatives of the Company may constitute forward-looking statements for purposes of the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. These statements include, without limitation, predictions and guidance relating to the Company's future financial performance, brand and product category diversity, ability to adjust product mix, integration of acquired businesses, growing customer demand for our products and new store openings. In some cases, you can identify forward-looking statements by terminology such as, \"may,\" \"should,\" \"expects,\" \"plans,\" \"anticipates,\" \"believes,\" \"estimates,\" \"predicts,\" \"potential,\" \"continue,\" or the negative of these terms or other comparable terminology. These forward-looking statements are based on management's current expectations, but they involve a number of risks and uncertainties. Actual results and the timing of events could differ materially from those anticipated in the forward-looking statements as a result of risks and uncertainties, which include, without limitation, those described in the Company’s annual report on Form 10-K for the fiscal year ended February 1, 2025 as filed with the Securities and Exchange Commission and available at www.sec.gov. You are urged to consider these factors carefully in evaluating the forward-looking statements herein and are cautioned not to place undue reliance on such forward-looking statements, which are qualified in their entirety by this cautionary statement. The forward-looking statements speak only as of the date on which they are made, and the Company undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.\n\n \n\n**ZUMIEZ INC.CONDENSED CONSOLIDATED STATEMENTS OF LOSS(In thousands, except per share amounts)(Unaudited)**\n\n \n\n  **Three Months Ended**\n\n  **May 2, 2026** **% of Sales**  **May 3, 2025** **% of Sales**\n\nNet sales $193,348  100.0% $184,343  100.0%\n\nCost of goods sold  132,005  68.3%  129,028  70.0%\n\n**Gross profit**  61,343  31.7%  55,315  30.0%\n\nSelling, general and administrative expenses  76,535  39.6%  75,187  40.8%\n\n**Operating loss**  (15,192) -7.9%  (19,872) -10.8%\n\nInterest income, net  849  0.5%  2,255  1.2%\n\nOther (expense) income, net  (112) -0.1%  1,844  1.0%\n\n**Loss, before income taxes**  (14,455) -7.5%  (15,773) -8.6%\n\nBenefit from income taxes  (1,189) -0.6%  (1,443) -0.8%\n\n**Net loss** $(13,266) -6.9% $(14,330) -7.8%\n\nBasic loss per share $(0.82)   $(0.79)  \n\nDiluted loss per share $(0.82)   $(0.79)  \n\nWeighted average shares used in computation of earnings per share        \n\nBasic  16,205     18,116   \n\nDiluted  16,205     18,116   \n\n           \n\n**ZUMIEZ INC.**\n**CONDENSED CONSOLIDATED BALANCE SHEETS**\n**(In thousands)**\n\n \n\n  **May 2, 2026** **January 31, 2026** **May 3, 2025**\n\n  **(Unaudited)**   **(Unaudited)**\n\n**Assets**      \n\n**Current assets**      \n\nCash and cash equivalents $66,918  $127,860  $62,519 \n\nMarketable securities  57,242   32,764   38,443 \n\nReceivables  14,147   13,957   14,839 \n\nInventories  153,189   146,995   149,864 \n\nPrepaid expenses and other current assets  15,085   14,407   15,525 \n\n**Total current assets**  306,581   335,983   281,190 \n\nFixed assets, net  70,473   72,813   79,703 \n\nOperating lease right-of-use assets  190,805   185,604   185,901 \n\nGoodwill  15,589   15,519   15,329 \n\nIntangible assets, net  15,411   15,513   14,665 \n\nDeferred tax assets, net  7,621   6,349   10,215 \n\nOther long-term assets  12,259   12,390   12,097 \n\n**Total long-term assets**  312,158   308,188   317,910 \n\n**Total assets** $618,739  $644,171  $599,100 \n\n       \n\n**Liabilities and Shareholders’ Equity**      \n\n**Current liabilities**      \n\nTrade accounts payable $56,208  $49,150  $48,981 \n\nAccrued payroll and payroll taxes  17,659   28,221   16,563 \n\nOperating lease liabilities  55,824   54,023   54,388 \n\nOther current liabilities  27,767   36,136   26,943 \n\n**Total current liabilities**  157,458   167,530   146,875 \n\nLong-term operating lease liabilities  148,009   145,306   147,398 \n\nOther long-term liabilities  7,407   7,050   6,349 \n\n**Total long-term liabilities**  155,416   152,356   153,747 \n\n**Total liabilities**  312,874   319,886   300,622 \n\n             \n\n**Shareholders’ equity**      \n\nPreferred stock, no par value, 20,000 shares authorized; none issued and outstanding  —   —   — \n\nCommon stock, no par value, 50,000 shares authorized; 17,032 shares issued and outstanding at May 2, 2026, 16,971 shares issued and outstanding at January 31, 2026, and 17,770 shares issued and outstanding at May 3, 2025  213,822   211,764   205,595 \n\nAccumulated other comprehensive loss  (12,419)  (11,438)  (16,746)\n\nRetained earnings  104,462   123,959   109,629 \n\n**Total shareholders’ equity**  305,865   324,285   298,478 \n\n**Total liabilities and shareholders’ equity** $618,739  $644,171  $599,100 \n\n         \n\n**ZUMIEZ INC.CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS(In thousands)(Unaudited)**\n\n \n\n  **Three Months Ended**\n\n  **May 2, 2026** **May 3, 2025**\n\n**Cash flows from operating activities:**    \n\nNet loss $(13,266) $(14,330)\n\nAdjustments to reconcile net loss to net cash used in operating activities:    \n\nDepreciation, amortization and accretion  4,898   5,387 \n\nNoncash lease expense  14,980   14,639 \n\nDeferred taxes  (1,194)  (1,473)\n\nStock-based compensation expense  2,024   1,828 \n\nImpairment of long-lived assets  511   462 \n\nOther  126   (765)\n\nChanges in operating assets and liabilities:    \n\nReceivables  777   (758)\n\nInventories  (6,534)  (119)\n\nPrepaid expenses and other assets  (729)  299 \n\nTrade accounts payable  7,145   (1,357)\n\nAccrued payroll and payroll taxes  (10,537)  (5,863)\n\nIncome taxes payable  (4,926)  (259)\n\nOperating lease liabilities  (15,947)  (16,588)\n\nOther liabilities  (5,423)  (3,187)\n\n**Net cash used in operating activities**  (28,095)  (22,084)\n\n     \n\n**Cash flows from investing activities:**    \n\nAdditions to fixed assets  (1,707)  (2,219)\n\nPurchases of marketable securities and other investments  (27,088)  (7,055)\n\nSales and maturities of marketable securities and other investments  2,544   5,086 \n\n**Net cash used in investing activities**  (26,251)  (4,188)\n\n     \n\n**Cash flows from financing activities:**    \n\nProceeds from the issuance and exercise of stock-based awards, net of tax  34   378 \n\nRepurchase of common stock  (5,994)  (25,215)\n\n**Net cash used in financing activities**  (5,960)  (24,837)\n\n     \n\n**Effect of exchange rate changes on cash, cash equivalents, and restricted cash**  (645)  1,608 \n\n**Net decrease in cash, cash equivalents, and restricted cash**  (60,951)  (49,501)\n\n**Cash, cash equivalents, and restricted cash, beginning of period**  134,113   121,517 \n\n**Cash, cash equivalents, and restricted cash, end of period** $73,162  $72,016 \n\n**Supplemental disclosure on cash flow information:**    \n\nCash paid during the period for income taxes $4,912  $412 \n\nAccrual for purchases of fixed assets  1,033   982 \n\nAccrual for repurchase of common stock  237   - \n\n**Company Contact:**\nDarin White\nDirector of Finance & Investor Relations\nZumiez Inc.\n(425) 551-1500, ext. 1337\n\n**Investor Contact:**\nICR\nBrendon Frey\n(203) 682-8200"}