Zumiez Inc. Reports September 2017 Sales Results
October 04 2017 - 4:00PM
Zumiez Inc. (NASDAQ:ZUMZ) a leading specialty retailer of apparel,
footwear, equipment and accessories for young men and women today
announced that total net sales for the five-week period ended
September 30, 2017 increased 12.6% to $84.4 million, compared to
$75.0 million for the five-week period ended October 1, 2016.
The Company's comparable sales increased 9.3% for the five-week
period compared to a comparable sales increase of 6.3% in the year
ago period.
Based on stronger than expected sales quarter-to-date, the
Company now expects fiscal 2017 third quarter net sales in the
range of $241 to $243 million, compared with its previous guidance
range of $236 to $241 million. This guidance is now predicated on a
comparable sales increase of between 6% and 7%. Based on higher
than planned sales combined with higher than expected operational
expenses and to a lesser extent lower product margin, the Company
now expects net income per diluted share of approximately $0.45 to
$0.48, compared with its the previously issued guidance of
$0.43 to $0.48.
To hear the Zumiez prerecorded September sales message, please
dial (201) 689-8483 or (877) 523-5612, followed by the passcode #
986439 (ZUMIEZ).
About Zumiez Inc.
Zumiez is a leading specialty retailer of apparel, footwear,
accessories and hardgoods for young men and women who want to
express their individuality through the fashion, music, art and
culture of action sports, streetwear, and other unique lifestyles.
As of September 30, 2017 we operated 695 stores, including 607 in
the United States, 51 in Canada, and 31 in Europe and 6 in
Australia. We operate under the names Zumiez, Blue Tomato and Fast
Times. Additionally, we operate ecommerce web sites at Zumiez.com,
blue-tomato.com and fasttimes.com.au.
Company Contact:Darin WhiteDirector of Finance
& Investor RelationsZumiez Inc.(425) 551-1500, ext. 1337
Investor Contact:ICRBrendon Frey (203)
682-8200
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