Zumiez (ZUMZ) Tumbles 23.2% After Wider Q1 Loss and Weak Q2 Outlook

Zumiez Inc. (NASDAQ:ZUMZ) shares plunged 23.2% in morning trading June 5, 2026, after the specialty retailer posted a wider-than-expected first-quarter loss and issued a second-quarter forecast significantly below Wall Street expectations. The company reported a net loss of $0.82 per share for the quarter ended May 2, slightly wider than the $0.81 loss analysts had forecast. While revenue rose 4.9% year-over-year, the earnings miss overshadowed the sales growth. For the second quarter, Zumiez projected a loss of $0.08 to $0.23 per share, far below estimates that anticipated a profit. Revenue guidance also trailed consensus. The cautious outlook signaled potential headwinds for discretionary consumer spending, adding to concerns from elevated gas prices and record-low consumer sentiment readings. Zumiez shares have fallen 30.9% year-to-date to $17.90, trading 41.5% below their 52-week high of $30.62 set in December 2025.