Zumiez Inc. a leading specialty retailer of action sports related apparel, footwear, equipment and accessories, announced that total net sales for the five-week period ended July 5, 2014 increased 11.1% to $65.3 million, compared to $58.8 million for the five-week period ended July 6, 2013. The Company's comparable store sales increased 3.1% for the five-week period compared to a comparable store sales increase of 1.0% in the year ago period.
Based primarily on better than planned sales results, the Company is revising guidance and now expects fiscal 2014 second quarter sales in the range of $174 to $176 million and net income per diluted share of approximately $0.19 to $0.21, an increase from the previously issued guidance of sales in the range of $167 to $171 million and net income per diluted share of approximately $0.12 to $0.16.
This guidance is now predicated on a low single digit comparable store sales increase for the second 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.
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 July 5, 2014 we operated 572 stores including 527 in the United States, 31 in Canada, and 14 in Europe. We operate under the name Zumiez and Blue Tomato.