By Elias Schisgall
Shares of Zumiez fell after the apparel retailer cut its outlook for sales in the fiscal fourth quarter, citing softening international demand.
Shares were down 5.9% to $24.35 in Monday morning trading. The stock has gained 44% over the past year.
The company said Monday that it projects fourth-quarter sales of between $287 million and $291 million, down from a previous guidance range of $291 million to $296 million. It said the outlook cut was driven by softer international demand, especially in Europe, during the nine-week period ended Jan. 3.
During that nine-week period, Zumiez said, comparable sales rose 6.5% in North America, but fell 8.9% in Europe and Australia compared with the same period a year earlier.
The company raised its earnings per share outlook for the quarter to between $1.05 and $1.10 a share, from a previous range of 97 cents to $1.07 a share, citing stronger product margins in Europe and North America and improved expense management.
"While European sales were less than anticipated, this product margin growth, combined with the ongoing strength in North America has allowed us to increase our earnings guidance for the quarter," Chief Executive Rick Brooks said.
Write to Elias Schisgall at elias.schisgall@wsj.com
(END) Dow Jones Newswires
January 12, 2026 10:15 ET (15:15 GMT)
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