Zumiez Reports Q1 Loss of $0.82/Share, $13.3M Net Loss
Reported by Reuters
Sentiment
Negative
Importance
8
Price
$23.02
Mkt Cap
$405.164M
52W Low
$11.41
52W High
$31.7
Market data snapshot near publication time
Summary
Zumiez reported a Q1 loss of $0.82 per share, with a net loss of $13.266 million on sales of $193.348 million. This follows the 10-Q filed minutes earlier, which also highlighted a significant $61 million cash burn for the quarter. The continued losses indicate ongoing operational challenges for the retailer. The company provided a Q2 sales outlook of $210-215 million.
At the time of this announcement, ZUMZ was trading at $23.02 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $405.2M. The 52-week trading range was $11.41 to $31.70. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Reuters.