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.

• ↑Q1 2026 net sales rose 4.9% YoY to $193.3 M with 4% comparable sales growth
• ↑North America net sales up 4.4%, marking eight consecutive quarters of gains
• ↓International compsales fell 3.9%, with European segment declines signaling regional headwinds