Zumiez Inc., a leading multi-channel specialty retailer of action sports related apparel, footwear, hardgoods and accessories, reported results for the fourth quarter and fiscal year ended February 1, 2014.
Zumiez Inc., a leading multi-channel specialty retailer of action sports related apparel, footwear, hardgoods and accessories, reported results for #
Fourth Quarter Results
Total net sales for the fourth quarter ended February 1, 2014 (13 weeks) increased 1.1% to $226.8 million from $224.4 million in the quarter ended February 2, 2013 (14 weeks). Comparable store sales for the 13-week period ended February 1, 2014 decreased 2.2% compared to a 1.0% decrease for the 14-week period ended February 2, 2013.
Zumiez Inc., a leading multi-channel specialty retailer of action sports related apparel, footwear, hardgoods and accessories, reported results for #
Net income in the fourth quarter of fiscal 2013 increased 17.3% to $26.9 million, or $0.89 per diluted share, from net income of $22.9 million, or $0.74 per diluted share, in the fourth quarter of the prior fiscal year.
Zumiez Inc., a leading multi-channel specialty retailer of action sports related apparel, footwear, hardgoods and accessories, reported results for #
The results for fiscal 2013 include a $5.8 million benefit, or approximately $0.16 per diluted share, for the reversal of contingent earn-out accruals associated with the acquisition of Blue Tomato, a $3.3 million benefit, or approximately $0.07 per diluted share, for the correction of an error related to the accounting for rent expenses, and a $0.6 million expense, or approximately $0.02 per diluted share, for the amortization of intangible assets associated with the Blue Tomato acquisition.
Zumiez Inc., a leading multi-channel specialty retailer of action sports related apparel, footwear, hardgoods and accessories, reported results for #
Also included in the fiscal 2013 fourth quarter results is a benefit to the provision for income taxes of $0.8 million, or approximately $0.03 per diluted share, for the release of a valuation allowance of net operating losses in foreign subsidiaries. The results for fiscal 2012 include $0.5 million of Blue Tomato acquisition related costs and operations, or $0.01 per diluted share in total.
Zumiez Inc., a leading multi-channel specialty retailer of action sports related apparel, footwear, hardgoods and accessories, reported results for #
Zumiez Inc., a leading multi-channel specialty retailer of action sports related apparel, footwear, hardgoods and accessories, reported results for #
Zumiez Inc