The bottom line dwindled by 5% to $23,998,000 in the second quarter from $25,392,000 last year despite a sales increase of 7% to $268,666,000 from $250,392,000 that was also up 18% from 2019. Net income was hit by a $2.8 million settlement of a California class action lawsuit. ZUMZ performed relatively well in Q2 last year, as stores were open for about 76% of possible days, and sales benefitted from pent-up demand. E-commerce penetration is back to a more normal 15% from the 27% spike last year and 16% in 2019, as consumers are embracing in-person shopping again.
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