Zumiez Inc

ZUMZ is in a Stage 4 decline with a bearish medium-term bias supported by downtrending EMAs and a sequence of lower highs and lows. Short-term timing is neutral as price consolidates below the declining 9EMA and 21EMA, offering no clear entry for a new sell. We will defer bearish execution, looking to trim into rallies into the 9EMA/21EMA resistance zone while awaiting confirmation of downside continuation.

• ↑Q3 2025 comparable sales rose 7.6% YoY, driven by North America.
• ↑Private label penetration reached 34% in Q1 2026, lifting gross margins.
• ↓Europe comps declined 7.5% YoY, exposing international market risks.