The Company's comparable store sales decreased 2.4% for the five-week period ended January 4, 2014 compared to a comparable store sales decrease of 1.0% for the five-week period ended December 29, 2012.
Based primarily on lower than planned sales quarter-to-date, and to a lesser extent lower than planned merchandise margins, the Company is revising guidance and now expects fiscal 2013 fourth quarter sales in the range of $226 to $229 million and net income per diluted share of approximately $0.56 to $0.59, a decrease from the previously issued guidance of sales in the range of $230 to $237 million and net income per diluted share of approximately $0.60 to $0.66.
This guidance is now predicated on a low single digit comparable store sales decrease for the fourth quarter and includes a previously disclosed estimate of $1.7 million, or approximately $0.05 per diluted share, for charges associated with the acquisition of Blue Tomato.
About Zumiez Inc.
Zumiez is a leading multi-channel specialty retailer of action sports related apparel, footwear, equipment and accessories, focusing on skateboarding, snowboarding, surfing, motocross and BMX for young men and women. As of January 4, 2014 we operated 553 stores including 513 in the United States, 28 in Canada, and 12 in Europe. We operate under the name Zumiez and Blue Tomato.
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