Zumiez Inc. Announces Sales Results for the Five-Week Period Ended January 5, 2019; Increases Earnings Guidance for Fourth Quarter of Fiscal 2018
January 09, 2019 at 09:00 pm
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Zumiez Inc. announced, that total net sales for the five-week period ended January 5, 2019 increased 2.9% to $164.6 million, compared to $160.0 million for the five-week period ended December 30, 2017. The Company's comparable sales increased 4.9% for the five-week period ended January 5, 2019 compared to a comparable sales increase of 7.9% for the five-week period ended December 30, 2017.
The company increased guidance and expects fiscal 2018 fourth quarter comparable sales growth of approximately 3%, and earnings per share between $1.08 and $1.10 compared to the previous guidance for comparable sales growth between 0% and 2%, and earnings per share between $1.02 and $1.08.
Zumiez Inc. is a specialty retailer of apparel, footwear, accessories and hardgoods for young men and women through the fashion, music, art and culture of action sports, streetwear and other lifestyles. The Company operates under the names Zumiez, Blue Tomato and Fast Times. It operates ecommerce websites at zumiez.com, zumiez.ca, blue-tomato.com and fasttimes.com.au. It operates over 756 stores: 597 in the United States, 47 in Canada, 87 in Europe and 25 in Australia. It owns approximately 356,000 square feet of land in Lynnwood, Washington, on which it owns a 63,071 square foot home office. It leases 14,208 square feet of office space in Schladming, Austria for its European home office. It also owns a 168,450 square foot building in Corona, California that serves as its domestic warehouse and distribution center. It operates 756 stores in various locations, including Alabama, Nevada, British Columbia, Alberta, Austria, Netherlands, South Australia, Queensland and others.
ZUMIEZ INC. 
