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Zumiez introduces fiscal 2007 EPS guidance of $0.94 to $0.96

15 Mar '07

2 min read

Zumiez Inc reported results for the fourth quarter ended February 3, 2007.

Total net sales for the fourth quarter (14 weeks) ended February 3, 2007 increased by 49.0% to $112.4 million from $75.4 million reported in the fourth quarter (13 weeks) of the prior fiscal year.

The company posted net income for the quarter of $11.3 million or $0.39 per diluted share versus $6.8 million or $0.23 per diluted share in the fourth quarter of the prior fiscal year. Comparable store sales increased 12.0% for the fourth quarter of fiscal 2006 compared to a 20.7% increase in the fourth quarter of fiscal 2005.

Total net sales for fiscal 2006 (53 week period) increased by 45.0% to $298.2 million from $205.6 million reported in fiscal 2005 (52 week period). The company posted net income of $20.9 million or $0.73 per diluted share in fiscal 2006 versus $12.9 million or $0.47 per diluted share in the prior year. Comparable store sales increased 13.0% in fiscal 2006 compared to 14.2% in fiscal 2005.

Rick Brooks, President and Chief Executive Officer of Zumiez Inc, stated, "We are pleased to have completed another terrific year at Zumiez, the 27th of the past 28 years with a comparable store sales increase. We also successfully completed the integration of the acquisition of Fast Forward and opened an additional 42 new stores during the year."

Mr. Brooks concluded, "The continued success of the highly differentiated Zumiez concept is a testament to the great team we've assembled. We remain on track to open 50 new stores in fiscal 2007, and are excited about our growth prospects for the coming year and beyond."

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