Why Zumiez Stock Fell 17% on Friday Morning
Zumiez missed earnings estimates and guided lower. The culprit may surprise you.
Overview
Shares of apparel and action sports retailer Zumiez (NASDAQ: ZUMZ) are taking a tumble today. The company reported Q2 2026 results last night, falling short of Wall Street's estimates. Zumiez opened Friday's trading 16.8% lower, setting a new 52-week low.
Net sales fell 2.5% year over year to $209.0 million. On the bottom line, the net losses per share increased from $0.06 to $0.17. The analyst consensus had pointed to a net loss near $0.11 per share on sales in the neighborhood of $213 million.
Details
And that's not all. Looking ahead, management issued Q3 guidance that was consistently below current Street projections.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.