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LYNNWOOD, Wash. - Zumiez Inc . (NASDAQ:ZUMZ) reported fourth quarter earnings that fell short of analyst expectations, while revenue slightly beat estimates. The specialty retailer also provided first quarter guidance above consensus. ZUMZ stock was up 1.7% in aftermarket trading Thursday.
Zumiez posted fourth quarter earnings per share of $0.78, missing the analyst estimate of $0.82. Revenue came in at $279.2 million, edging past the consensus of $278.32 million and down 0.9% YoY. Comparable sales increased 5.9% in the quarter.
For the first quarter, Zumiez expects EPS between a loss of $0.72 and $0.82, compared to analyst estimates of a $0.63 loss. The company forecasts Q1 revenue of $179-183 million, above the $173.8 million consensus.
"We delivered a substantial improvement in fourth quarter operating profitability driven by significant gross margin expansion and a meaningful reduction in operating expenses," said CEO Rick Brooks.
Gross margin expanded 190 basis points to 36.2% in Q4. The company ended the quarter with cash and marketable securities of $147.6 million.
Zumiez approved a new $25 million stock repurchase program through March 2026. The company plans to open approximately 9 new stores in fiscal 2025.
The stock was unchanged in after-hours trading following the earnings release. Zumiez shares are down about 5% year-to-date.
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