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Zumiez Comp Store sales rise 11.3% in Q2 & 11.6% in H1

18 Aug '05

3 min read

Mr. Brooks continued, "The store sales team, store management teams, and product teams all made contributions to the performance. The entire organization continues to focus on creating a unique experience and they believe this is resonating with customers."

For fiscal 2005, the company plans to open 35 new stores. In the first two quarters of fiscal 2005, Zumiez opened 11 new stores and remains on plan for its store openings for the remainder of the year.

Mr. Brooks concluded, "They believe that Zumiez is a leading lifestyle retailer with a compelling mix of branded merchandise, a strong hard goods assortment and a "controlled chaos" environment that appeals to teenagers and young adults."

Additionally, they feel that unique culture allows us to react quickly to product and fashion cycles to meet the needs of today's youthful minded consumer. They continue to believe that they have considerable growth prospects and they are dedicated to fully capitalizing on the many opportunities that lie ahead.

2005 Outlook
The company stated that it expects diluted earnings per share to range from $0.80 to $0.82 in fiscal 2005 and that weighted average diluted shares for the remainder of the year are expected to be approximately 15,050,000 shares.

The company also stated that it believes that its projected long-term earnings growth rate of 30% continues to be very achievable.

In putting forth this outlook, the company reminds investors of the complexity of accurately assessing future growth given the difficulty in predicting fashion trends and consumer preferences, boardsports popularity and participation rates, general economic conditions and the impact of other business variables.

Action sports related apparel, footwear, equipment and accessories leader Zumiez Inc is a specialty retailer of action sports related apparel, footwear, equipment and accessories. The stores cater to young men and women between ages 12-24, focusing on skateboarding, surfing, snowboarding, motocross and BMX. They currently operate 150 stores, which are primarily located in shopping malls.

Zumiez Inc

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