Zumiez Inc. Reports Sales Results for the Five-Week Period Ended January 3, 2015; Provides Earnings Guidance for the Fourth Quarter of 2014
January 08, 2015 at 05:05 am
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Zumiez Inc. reported sales results for the five-week period ended January 3, 2015. For the period, the company reported total net sales increased 14.4% to $143.4 million, compared to $125.3 million for the five-week period ended January 4, 2014. The company's comparable sales increased 8.0% compared to a comparable sales decrease of 2.4% for the five-week period ended January 4, 2014.
Based primarily on higher than planned sales quarter-to-date and to a lesser extent better product margins, partially offset by foreign currency headwinds, the company is raising its guidance and now expects fiscal 2014 fourth quarter net sales in the range of $255 to $256 million and net income per diluted share of approximately $0.75 to $0.77, an increase from the previously issued guidance of net sales in the range of $249 to $251 million and net income per diluted share of approximately $0.69 to $0.72. This guidance is now predicated on a comparable sales increase of approximately 7% for the fourth quarter and includes a previously disclosed estimate of $0.6 million, or approximately $0.02 per diluted share, for charges associated with the acquisition of Blue Tomato.
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. 
