Fashion
US’ Zumiez sees 2.5% comparable sales growth in Q2 FY25
Selling, general and administrative (SG&A) expenses increased to $75.9 million, or 35.4 per cent of sales, compared with $72.2 million, or 34.4 per cent. The operating income reached $0.1 million, reversing an operating loss of $0.4 million in Q2 FY24.
Zumiez Inc has posted net sales of $214.3 million in Q2 FY25, up 1.9 per cent YoY, with comparable sales rising 2.5 per cent.
Net loss was $1 million, or $0.06 per share, versus $0.8 million last year.
H1 FY25 sales grew 2.9 per cent to $398.6 million, with losses narrowing to $15.3 million.
Q3-to-date sales rose 10.6 per cent, led by 13 per cent growth in North America.
Meanwhile, North American Q2 comparable sales Increased 4.2 per cent. The company reported a net loss of $1 million, or $0.06 per share, compared with a net loss of $0.8 million, or $0.04 per share, in the same quarter last fiscal. The profit before income taxes stood at $0.9 million, up from $0.6 million, supported by modest improvements in other income, Zumiez said in a press release.
Cash and marketable securities stood at $106.7 million at quarter-end, driven by $38.3 million in share repurchases and $14.1 million in capital expenditures, partly offset by $26.6 million operating cash flow. Zumiez repurchased 0.6 million shares during the quarter at an average cost of $13.1, totalling $7.8 million.
“We are encouraged with our second quarter results which exceeded expectations driven by outperformance in North America. Sales trends accelerated throughout the quarter even as we faced more difficult comparisons, underscoring the success of our recent merchandise and customer experience initiatives in what continues to be a challenging operating environment,” said Rick Brooks, chief executive officer (CEO) at Zumiez Inc.
For the first half (H1) of FY25, net sales increased 2.9 per cent to $398.6 million, while comparable sales rose 3.9 per cent. The net loss narrowed to $15.3 million, or $0.88 per share. The gross profit rose to $131.3 million, representing 32.9 per cent of sales versus 31.9 per cent last year.
SG&A expenses climbed to $151.1 million, or 37.9 per cent of sales, and operating loss narrowed slightly to $19.8 million from $20.5 million. Interest income increased to $3 million from $2.4 million, while other expenses totalled $1.9 million.
Third quarter-to-date net sales for the 30 days ending September 1, 2025, increased 10.6 per cent, compared with the 30-day period in the prior year ending September 2, 2024. The comparable sales over the same period are up 11.2 per cent led by strong comparable sales growth in North America of 13 per cent.
“We are seeing further acceleration third quarter-to-date led by an 11.2 per cent comparable sales gain during back-to-school on top of a double-digit increase in the year ago period. With back-to-school performing well, we are optimistic about our prospects for the holiday season. However, we think it is prudent to balance our current momentum with some near-term conservatism given the uncertainty around tariffs and overall consumer demand,” added Brooks.
For the third quarter (Q3) ending November 1, 2025, Zumiez expects net sales of $232–237 million, comparable sales growth of 5.5–7.5 per cent, operating margins of 2.3–3.3 per cent, and diluted EPS of $0.19–$0.29. The company also plans to open six new stores in FY2025, including up to five in North America and one in Australia.
As of August 30, 2025, Zumiez operated 730 stores worldwide, including 570 in the US, 46 in Canada, 86 in Europe and 28 in Australia, alongside its e-commerce platforms.
Fibre2Fashion News Desk (SG)
“The price weakness was most evident in the 18.5–21 micron Merino fleece range, particularly in Southern and Western regions, where declines of 40–60 cents were recorded. Crossbred wool prices also eased, while the Northern market showed some firmness in 20–21 microns,” said Australian Wool Innovation (AWI) in its week 39 commentary.
Australian wool prices declined this week, with the Eastern Market Indicator (EMI) falling 27 cents to 1,724 c/kg amid buyer caution and rising logistics costs.
Weakness was led by Merino fleece, while crossbreds also eased.
Strong auction volumes and increased supply reduced competition, signalling a pause after sustained price gains.
Market sentiment was impacted by increased supply, with offerings nearing 40,000 bales. Pass-in rates stood at 9 per cent nationally and over 13 per cent in the West, signalling growing seller resistance. Despite lower annual production, supply levels remain elevated, partly supported by broker and farm-held stocks, the AWI commentary noted.
Rising freight costs linked to Middle East tensions and sustained supply are expected to test market stability. Around 37,815 bales are scheduled for sale next week, the AWI commentary added.
Fibre2Fashion News Desk (CG)
Ukraine’s apparel imports increased from $***.*** million in **** and $***.*** million in ****, reflecting a steady recovery in demand. However, Turkiye’s exports dropped to $***.*** million in ****, reducing its share to **.** per cent from **.** per cent in **** and a dominant **.** per cent in ****, when it was the leading supplier, according to *fashion.com/market-intelligence/texpro-textile-and-apparel/” target=”_blank”>sourcing intelligence tool TexPro.
China emerged as the top supplier in ****, with shipments valued at $***.*** million, accounting for **.** per cent of total imports, only marginally higher than **.** per cent in ****. Bangladesh continued its strong growth trajectory, supplying $***.*** million and capturing a **.** per cent share, up significantly from **.** per cent in ****.
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