Zumiez raises guidance for fiscal 2006 to $0.67 in EPS
17 Aug '06
3 min read
"Our strong brand and category diversity differentiates Zumiez from other retailers in the mall and gives us the flexibility to relatively quickly adjust our product mix to changing trends."
During the quarter, Zumiez completed the acquisition of 19 Fast Forward stores. The company also opened 22 stores during the quarter and remains on track to open 42 new stores in fiscal 2006.
2006 Outlook
The company stated that it is raising guidance for fiscal 2006 to $0.66 to $0.67 in diluted earnings per share. Weighted average diluted shares for the fiscal year are expected to be approximately 29,300,000.
A conference call will be held today to discuss second quarter results and will be web cast at 5:00 p.m. ET on website. Participants may also dial (866) 356-3095 followed by the conference identification code of 57232931.
Zumiez is a leading specialty retailer of action sports related apparel, footwear, equipment and accessories.
Our stores cater to young men and women between ages 12-24, focusing on skateboarding, surfing, snowboarding, motocross and BMX. As of August 10, 2006 we operate 221 stores.
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