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Today, Zumiez Inc . (NASDAQ:ZUMZ) announced the results of its annual shareholder meeting, held on June 4, 2025. The specialty retailer, based in Lynnwood, Washington, currently trades at $12.86 with a market capitalization of $252 million. According to InvestingPro analysis, the stock appears undervalued based on its Fair Value calculation. The company reported that shareholders voted on three significant proposals.
The first proposal involved the election of directors. Shareholders elected Travis D. Smith and Guy M. Harkless to serve on the board for three-year terms, ending at the 2028 Annual Meeting. Smith received 13,630,545 votes in favor, 516,160 against, and 96,710 abstentions. Harkless garnered 14,046,320 votes in favor, 100,385 against, and 96,710 abstentions. The board appointments come as the company maintains a strong liquidity position with a current ratio of 2.07, though the stock has declined 42% over the past six months.
The second proposal was an advisory vote on executive compensation. Shareholders approved the proposal with 14,005,751 votes in favor, 78,396 against, and 159,268 abstentions.
The third proposal ratified the appointment of Moss Adams LLP as the company’s independent registered public accounting firm for the fiscal year ending January 31, 2026. This proposal received 14,386,526 votes in favor, 239,657 against, and 171,110 abstentions.
The information is based on a press release statement filed with the Securities and Exchange Commission.
In other recent news, Zumiez Inc. reported its financial results for the first quarter of 2025, revealing a mixed performance. The company slightly missed its earnings per share (EPS) forecast, reporting -$0.79 compared to the expected -$0.78. However, Zumiez exceeded revenue expectations, bringing in $184.3 million against the anticipated $182.23 million. Gross margin improved to 30% from 29.3% year-over-year, indicating a positive trend in operational efficiency. The company also achieved a 3.9% increase in net sales compared to the same period in 2024, with comparable sales growing by 5.5%. Zumiez’s strategic focus on product curation and brand partnerships contributed to this growth, despite ongoing macroeconomic challenges. Looking ahead, Zumiez provided guidance for the second quarter of 2025, projecting total sales between $207 million and $214 million. The company is also working to reduce its reliance on China for sourcing, aiming for a 30% exposure by year-end.
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