Zumiez President & CEO pleased with another strong quarter
23 Aug '07
3 min read
The company remains focused on its long-term financial targets of comparable store sales growth in the mid single digit range, net square footage expansion of approximately 20%, and diluted EPS growth in excess of 30%.
Given the stronger than planned results in the first half of the year, the company is increasing its guidance for fiscal 2007 to $0.97 to $0.99 per diluted share, up from the previous guidance of $0.94 to $0.96 in diluted earnings per share. Weighted average diluted shares for the fiscal year are expected to be approximately 29,500,000.
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 and risks.
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