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Zumiez President & CEO pleased with another strong quarter

23 Aug '07

3 min read

Zumiez Inc reported results for the second quarter ended August 4, 2007. Total net sales for the second quarter (13 weeks) ended August 4, 2007 increased by 47.0% to $82.0 million from $55.8 million reported in the second quarter ended July 29, 2006 (13 weeks).

The company posted net income for the quarter of $3.1 million or $0.11 per diluted share versus $1.6 million or $0.06 per diluted share in the second quarter of the prior fiscal year. Comparable store sales increased 11.6% for the second quarter of fiscal 2007 compared to a 12.6% increase in the second quarter of fiscal 2006.

Total net sales for the first six months (26 week period) of fiscal 2007 increased by 45.6% to $150.8 million from $103.5 million reported in the first six months of the prior year.

The company posted net income of $4.7 million or $0.16 per diluted share in the first six months of 2007 versus $2.8 million or $0.10 per diluted share in the prior year.

Comparable store sales increased 11.4% for the first six months of fiscal 2007 compared to 15.8% for the first six months of fiscal 2006.

Rick Brooks, President and Chief Executive Officer of Zumiez Inc stated, "We are pleased to have reported another strong quarter, and feel our unique retail model has Zumiez very well positioned as we head into the back half of the year."

"We opened 12 new stores in the second quarter and 31 stores year-to-date. We remain on track to open 50 new stores in fiscal 2007 and continue to believe that we can eventually operate 800 Zumiez stores in the U.S."

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