{"id":536619,"date":"2021-09-09T16:08:15","date_gmt":"2021-09-09T20:08:15","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/zumiez-inc-announces-fiscal-2021-second-quarter-results\/"},"modified":"2021-09-09T16:08:15","modified_gmt":"2021-09-09T20:08:15","slug":"zumiez-inc-announces-fiscal-2021-second-quarter-results","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/zumiez-inc-announces-fiscal-2021-second-quarter-results\/","title":{"rendered":"Zumiez Inc. Announces Fiscal 2021 Second Quarter Results"},"content":{"rendered":"
\n

\n Net Sales Increased 7.3% to $268.7 Million<\/strong>
\n
\n Diluted Earnings Per Share of $0.94<\/strong>\n <\/p>\n

LYNNWOOD, Wash., Sept. 09, 2021 (GLOBE NEWSWIRE) — Zumiez Inc. (NASDAQ: ZUMZ) a leading specialty retailer of apparel, footwear, equipment and accessories for young men and women, today reported results for the second quarter ended July 31, 2021.<\/p>\n

Net sales for the second quarter ended July 31, 2021 (13 weeks) increased 7.3% to $268.7 million from $250.4 million in the second quarter ended August 1, 2020 (13 weeks). Compared to the second quarter ended August 3, 2019 (13 weeks), second quarter 2021 net sales increased 17.6%. Net income in the second quarter of fiscal 2021 was $24.0 million, or $0.94 per diluted share, compared to net income of $25.4 million, or $1.01 per diluted share, in the second quarter of the prior fiscal year. Net income for the second quarter of 2019 was $9.0 million, or $0.36 per diluted share. Our second quarter 2021 net income was negatively impacted by $2.8 million, or approximately $0.08 per diluted share related to the conditional settlement of a California class action lawsuit.<\/p>\n

Total net sales for the six months (26 weeks) ended July 31, 2021 increased 41.1% to $547.7 million from $388.2 million reported for the six months (26 weeks) ended August 1, 2020. Compared to the first six months (26 weeks) ended August 3, 2019, net sales increased 24.1%. Net income for the first six months of 2021 was $50.4 million, or $1.96 per diluted share, compared to net income for the first six months of fiscal 2020 of $4.3 million, or $0.17 per diluted share, and compared to net income for the first six months of fiscal 2019 of $9.8 million, or $0.39 per diluted share.<\/p>\n

At July 31, 2021, the Company had cash and current marketable securities of $412.0 million compared to cash and current marketable securities of $299.1 million at August 1, 2020. The increase in cash and current marketable securities was driven by cash generated through operations partially offset by capital expenditures. The Company repurchased 0.2 million shares during the quarter at an average cost of $44.21 per share and a total cost of $10.9 million.<\/p>\n

Rick Brooks, Chief Executive Officer of Zumiez Inc., stated, \u201cOur second quarter performance reflects the sustained success our business has experienced over the past several years. After driving solid growth as we reopened our stores in the second quarter of last year, our teams once again did a terrific job adapting to the current environment to fulfill robust demand for our distinct merchandise offering. Stronger than expected full priced selling helped offset a portion of expenses that were reintroduced following temporary cost savings last year during the height of the pandemic, resulting in second quarter profitability that meaningfully exceeded our projections. The third quarter has started off well driven by a more normalized back to school shopping season, and while operating conditions remain volatile, we believe the flexibility of our business model provides us with key competitive advantages that we can leverage to maintain our positive momentum heading into the holidays. With our strong balance sheet and differentiated strategies, we are well positioned to add to our global market share and return increased value to our shareholders over the long-term.\u201d<\/p>\n

\n Third Quarter To-Date<\/u>
\n
Total third quarter-to-date total sales for the 37 days ending September 6, 2021 increased 23.2%, compared with the same 37-day time period in the prior year ended September 7, 2020. Compared to the 37-day period ended September 9, 2019, total net sales increased 6.7%. Total comparable sales for the 37-day period ending September 6, 2021 were up 10.5% from the comparable period in the prior year, and increased 5.4% from the comparable period in 2019. Third quarter to date as of September 7, 2021, the Company has repurchased an additional 0.5 million shares of stock at an average price of $41.62 and a total cost of $20.5 million. This brings 2021 fiscal year-to-date share repurchases to 0.7 million shares at an average cost of $42.49 per share for a total cost of $31.4 million.<\/p>\n

\n Outlook<\/u>
\n
Due to the continued fast-moving nature of this situation and the uncertainty of impacts on revenue and costs, the Company is not providing an outlook at this time for the third quarter or the year.<\/p>\n

\n Conference call Information <\/u>
\n
A conference call will be held today to discuss second quarter fiscal 2021 results and will be webcast at 5:00 p.m. ET on http:\/\/ir.zumiez.com. Participants may also dial (844) 309-0606 (domestic) or (574) 990-9934 (international) followed by the conference identification code of 8085802.<\/p>\n

\n
\n About Zumiez Inc.<\/u>
\n <\/strong>\n <\/p>\n

Zumiez is a leading specialty retailer of apparel, footwear, accessories and hardgoods for young men and women who want to express their individuality through the fashion, music, art and culture of action sports, streetwear, and other unique lifestyles. As of August 28, 2021, we operated 727 stores, including 603 in the United States, 52 in Canada, 55 in Europe and 17 in Australia. We operate under the names Zumiez, Blue Tomato and Fast Times. Additionally, we operate ecommerce web sites at zumiez.com, zumiez.ca, blue-tomato.com and fasttimes.com.au.<\/p>\n

\n
\n Safe Harbor Statement<\/u>
\n <\/strong>\n <\/p>\n

Certain statements in this press release and oral statements relating thereto made from time to time by representatives of the Company may constitute forward-looking statements for purposes of the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. These statements include, without limitation, predictions and guidance relating to the Company’s future financial performance, brand and product category diversity, ability to adjust product mix, integration of acquired businesses, growing customer demand for our products and new store openings. In some cases, you can identify forward-looking statements by terminology such as, “may,” “should,” “expects,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,” “potential,” “continue,” or the negative of these terms or other comparable terminology. These forward-looking statements are based on management’s current expectations but they involve a number of risks and uncertainties. Actual results and the timing of events could differ materially from those anticipated in the forward-looking statements as a result of risks and uncertainties, which include, without limitation, those described in the Company\u2019s annual report on Form 10-K for the fiscal year ended January 30, 2021 as filed with the Securities and Exchange Commission and available at www.sec.gov. You are urged to consider these factors carefully in evaluating the forward-looking statements herein and are cautioned not to place undue reliance on such forward-looking statements, which are qualified in their entirety by this cautionary statement. The forward-looking statements speak only as of the date on which they are made and the Company undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.<\/p>\n

\n ZUMIEZ\u00a0INC.<\/strong>
\n
\n CONDENSED CONSOLIDATED STATEMENTS OF INCOME <\/strong>
\n
\n (In thousands, except per share amounts) <\/strong>
\n
\n (Unaudited)<\/strong><\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\u00a0<\/td>\n\u00a0<\/td>\n\n Three Months\u00a0Ended<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\n July 31, 2021<\/strong>\n <\/td>\n\u00a0<\/td>\n\n % of Sales<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n August 1, 2020<\/strong>\n <\/td>\n\u00a0<\/td>\n\n % of Sales<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
Net sales<\/td>\n\u00a0<\/td>\n$<\/td>\n268,666<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n100.0<\/td>\n%<\/td>\n\u00a0<\/td>\n$<\/td>\n250,392<\/td>\n\u00a0<\/td>\n100.0<\/td>\n%<\/td>\n\u00a0<\/td>\n<\/tr>\n
Cost of goods sold<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n163,701<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n60.9<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n159,542<\/td>\n\u00a0<\/td>\n63.7<\/td>\n%<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Gross profit<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n104,965<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n39.1<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n90,850<\/td>\n\u00a0<\/td>\n36.3<\/td>\n%<\/td>\n\u00a0<\/td>\n<\/tr>\n
Selling, general and administrative expenses<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n73,011<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n27.2<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n57,738<\/td>\n\u00a0<\/td>\n23.1<\/td>\n%<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Operating profit <\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n31,954<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n11.9<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n33,112<\/td>\n\u00a0<\/td>\n13.2<\/td>\n%<\/td>\n\u00a0<\/td>\n<\/tr>\n
Interest income, net<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n965<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.4<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n794<\/td>\n\u00a0<\/td>\n0.3<\/td>\n%<\/td>\n\u00a0<\/td>\n<\/tr>\n
Other (expense) income, net<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(151<\/td>\n)<\/td>\n\u00a0<\/td>\n(0.1<\/td>\n%)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n392<\/td>\n\u00a0<\/td>\n0.2<\/td>\n%<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Earnings before income taxes<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n32,768<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n12.2<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n34,298<\/td>\n\u00a0<\/td>\n13.7<\/td>\n%<\/td>\n\u00a0<\/td>\n<\/tr>\n
Provision for income taxes<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n8,770<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3.3<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n8,906<\/td>\n\u00a0<\/td>\n3.6<\/td>\n%<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Net income <\/strong>\n <\/td>\n\u00a0<\/td>\n$<\/td>\n23,998<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n8.9<\/td>\n%<\/td>\n\u00a0<\/td>\n$<\/td>\n25,392<\/td>\n\u00a0<\/td>\n10.1<\/td>\n%<\/td>\n\u00a0<\/td>\n<\/tr>\n
Basic earnings per share<\/td>\n\u00a0<\/td>\n$<\/td>\n0.95<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n1.02<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Diluted earnings per share<\/td>\n\u00a0<\/td>\n$<\/td>\n0.94<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n1.01<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Weighted average shares used in computation of earnings per share:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Basic<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n25,274<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n24,837<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Diluted<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n25,651<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n25,128<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\n Six Months Ended<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\n July 31, 2021<\/strong>\n <\/td>\n\u00a0<\/td>\n\n % of Sales<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n August 1, 2020<\/strong>\n <\/td>\n\u00a0<\/td>\n\n % of Sales<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
Net sales<\/td>\n\u00a0<\/td>\n$<\/td>\n547,735<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n100.0<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n388,164<\/td>\n\u00a0<\/td>\n100.0<\/td>\n%<\/td>\n\u00a0<\/td>\n<\/tr>\n
Cost of goods sold<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n339,602<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n62.0<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n273,578<\/td>\n\u00a0<\/td>\n70.5<\/td>\n%<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Gross profit<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n208,133<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n38.0<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n114,586<\/td>\n\u00a0<\/td>\n29.5<\/td>\n%<\/td>\n\u00a0<\/td>\n<\/tr>\n
Selling, general and administrative expenses<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n141,900<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n25.9<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n109,322<\/td>\n\u00a0<\/td>\n28.1<\/td>\n%<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Operating profit<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n66,233<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n12.1<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5,264<\/td>\n\u00a0<\/td>\n1.4<\/td>\n%<\/td>\n\u00a0<\/td>\n<\/tr>\n
Interest income, net<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,940<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.4<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,868<\/td>\n\u00a0<\/td>\n0.5<\/td>\n%<\/td>\n\u00a0<\/td>\n<\/tr>\n
Other income, net<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n103<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.0<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n498<\/td>\n\u00a0<\/td>\n0.1<\/td>\n%<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Earnings before income taxes<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n68,276<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n12.5<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n7,630<\/td>\n\u00a0<\/td>\n2.0<\/td>\n%<\/td>\n\u00a0<\/td>\n<\/tr>\n
Provision for income taxes<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n17,893<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3.3<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,339<\/td>\n\u00a0<\/td>\n0.9<\/td>\n%<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Net income<\/strong>\n <\/td>\n\u00a0<\/td>\n$<\/td>\n50,383<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n9.20<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4,291<\/td>\n\u00a0<\/td>\n1.1<\/td>\n%<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Basic earnings per share<\/td>\n\u00a0<\/td>\n$<\/td>\n2.00<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.17<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Diluted earnings per share<\/td>\n\u00a0<\/td>\n$<\/td>\n1.96<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.17<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Weighted average shares used in computation of earnings per share:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Basic<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n25,221<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n24,938<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Diluted<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n25,675<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n25,277<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

\n ZUMIEZ INC. <\/strong>
\n
\n CONDENSED CONSOLIDATED BALANCE SHEETS<\/strong>
\n
\n (In thousands)<\/strong><\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\u00a0<\/td>\n\u00a0<\/td>\n\n July 31, 2021<\/strong>\n <\/td>\n\u00a0<\/td>\n\n January 30, 2021<\/strong>\n <\/td>\n\u00a0<\/td>\n\n August 1, 2020<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\n (Unaudited)<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n (Unaudited)<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Assets<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Current assets<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Cash and cash equivalents<\/td>\n\u00a0<\/td>\n$<\/td>\n74,207<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n73,622<\/td>\n\u00a0<\/td>\n$<\/td>\n133,905<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Marketable securities<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n337,772<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n301,920<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n165,227<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Receivables<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n24,834<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n16,558<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n24,811<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Inventories<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n149,368<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n134,354<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n126,701<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Prepaid expenses and other current assets<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n11,656<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n8,823<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n10,560<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Total current assets<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n597,837<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n535,277<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n461,204<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Fixed assets, net<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n92,921<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n98,352<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n106,151<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Operating lease right-of-use assets<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n246,592<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n267,152<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n277,322<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Goodwill<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n60,440<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n61,470<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n60,225<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Intangible assets, net<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n15,629<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n16,029<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n15,577<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Deferred tax assets, net<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5,879<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n9,927<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n7,080<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Other long-term assets<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n11,444<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n10,157<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n9,337<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Total long-term assets<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n432,905<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n463,087<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n475,692<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Total assets<\/strong>\n <\/td>\n\u00a0<\/td>\n$<\/td>\n1,030,742<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n998,364<\/td>\n\u00a0<\/td>\n$<\/td>\n936,896<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Liabilities and Shareholders\u2019 Equity<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Current liabilities<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Trade accounts payable<\/td>\n\u00a0<\/td>\n$<\/td>\n80,174<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n69,751<\/td>\n\u00a0<\/td>\n$<\/td>\n75,318<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Accrued payroll and payroll taxes<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n23,371<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n27,911<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n17,816<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Income taxes payable<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n7,494<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n6,317<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5,534<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Operating lease liabilities<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n65,844<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n66,993<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n74,558<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Other liabilities<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n28,270<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n24,480<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n30,374<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Total current liabilities<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n205,153<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n195,452<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n203,600<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Long-term operating lease liabilities<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n223,043<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n246,123<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n259,412<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Other long-term liabilities\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n8,250<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4,193<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,858<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Total long-term liabilities<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n231,293<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n250,316<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n263,270<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Total liabilities<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n436,446<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n445,768<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n466,870<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Shareholders\u2019 equity<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Preferred stock, no par value, 20,000 shares authorized; none issued and outstanding<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Common stock, no par value, 50,000\u00a0shares authorized; 25,559 shares issued and outstanding at July 31, 2021, 25,599 shares issued and outstanding at January 30, 2021, and and 25,450 shares issued and outstanding at August 1, 2020<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n176,951<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n171,628<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n165,056<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Accumulated other comprehensive (loss) income<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(2,144<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n939<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(3,123<\/td>\n)<\/td>\n\u00a0<\/td>\n<\/tr>\n
Retained earnings<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n419,489<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n380,029<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n308,093<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Total shareholders\u2019 equity<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n594,296<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n552,596<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n470,026<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Total liabilities and shareholders\u2019 equity<\/strong>\n <\/td>\n\u00a0<\/td>\n$<\/td>\n1,030,742<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n998,364<\/td>\n\u00a0<\/td>\n$<\/td>\n936,896<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

\n ZUMIEZ INC.<\/strong>
\n
\n CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS<\/strong>
\n
\n (In thousands)<\/strong>
\n
\n (Unaudited)<\/strong>\n <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\u00a0<\/td>\n\u00a0<\/td>\n\n Six Months Ended<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\n July 31, 2021<\/strong>\n <\/td>\n\u00a0<\/td>\n\n August 1, 2020<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Cash flows from operating activities:<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Net income<\/td>\n\u00a0<\/td>\n$<\/td>\n50,383<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n4,291<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Adjustments to reconcile net income to net cash provided by operating activities:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Depreciation, amortization and accretion<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n11,639<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n12,005<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Noncash lease expense<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n32,044<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n30,167<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Deferred taxes<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4,260<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(1,144<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Stock-based compensation expense<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,431<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,146<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Impairment of long-lived assets<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,079<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,128<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Other<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,064<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(428<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Changes in operating assets and liabilities:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Receivables<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(5,353<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(5,871<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Inventories<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(15,408<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n9,926<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Prepaid expenses and other assets<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(4,173<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(937<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Trade accounts payable<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n10,178<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n27,323<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Accrued payroll and payroll taxes<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(4,462<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(6,134<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Income taxes payable<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(304<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(317<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Operating lease liabilities<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(40,413<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(20,868<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Other liabilities<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n7,165<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n8,718<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Net cash provided by operating activities<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n52,130<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n62,005<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Cash flows from investing activities:<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Additions to fixed assets<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(5,418<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(5,024<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Purchases of marketable securities and other investments<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(112,888<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(35,720<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Sales and maturities of marketable securities and other investments<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n75,234<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n71,387<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Net cash (used in) provided by investing activities<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(43,072<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n30,643<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Cash flows from financing activities:<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Proceeds from issuance and exercise of stock-based awards<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,452<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n545<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Payments for tax withholdings on equity awards<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(560<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(93<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Common stock repurchased<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(10,481<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(13,417<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Net cash used in financing activities<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(8,589<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(12,965<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Effect of exchange rate changes on cash, cash equivalents, and restricted cash<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n139<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,146<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Net increase in cash, cash equivalents, and restricted cash<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n608<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n81,829<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Cash, cash equivalents, and restricted cash, beginning of period<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n80,690<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n58,991<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Cash, cash equivalents, and restricted cash, end of period<\/strong>\n <\/td>\n\u00a0<\/td>\n$<\/td>\n81,298<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n140,820<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Supplemental disclosure on cash flow information:<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Cash paid during the period for income taxes<\/td>\n\u00a0<\/td>\n$<\/td>\n13,542<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n4,630<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Accrual for purchases of fixed assets<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n686<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n381<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Accrual for repurchase of common stock<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n442<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

\n Company Contact:<\/strong>
\n
Darin White
Director of Finance &
Investor Relations
Zumiez Inc.
(425) 551-1500, ext. 1337<\/p>\n

\n Investor Contact:<\/strong>
\n
ICR
Brendon Frey
(203) 682-8200<\/p>\n<\/p>\n


\n
\n \n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

Net Sales Increased 7.3% to $268.7 Million Diluted Earnings Per Share of $0.94 LYNNWOOD, Wash., Sept. 09, 2021 (GLOBE NEWSWIRE) — Zumiez Inc. (NASDAQ: ZUMZ) a leading specialty retailer of apparel, footwear, equipment and accessories for young men and women, today reported results for the second quarter ended July 31, 2021. Net sales for the second quarter ended July 31, 2021 (13 weeks) increased 7.3% to $268.7 million from $250.4 million in the second quarter ended August 1, 2020 (13 weeks). Compared to the second quarter ended August 3, 2019 (13 weeks), second quarter 2021 net sales increased 17.6%. Net income in the second quarter of fiscal 2021 was $24.0 million, or $0.94 per diluted share, compared to net income … <\/p>\n

Continue reading “Zumiez Inc. Announces Fiscal 2021 Second Quarter Results”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-536619","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nZumiez Inc. Announces Fiscal 2021 Second Quarter Results - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/zumiez-inc-announces-fiscal-2021-second-quarter-results\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Zumiez Inc. 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