Zumiez Comp Store sales rise 11.3% in Q2 & 11.6% in H1
18 Aug '05
3 min read
Popular & branded clothing and fashion accessories representative Zumiez Inc reported record results for the second quarter and six months ended July 30, 2005.
Q2-05 Diluted EPS Increased 200% to $0.06; Company Outlines FY-05 EPS Guidance Range of $0.80 to $0.82
Total net sales for the second quarter (13 weeks) ended July 30, 2005 increased by 28.7% to $39.4 million from $30.6 million reported in the second quarter of the prior year.
The company posted net income for the quarter of $848,000 or $0.06 per diluted share versus net income of $239,000 or $0.02 per diluted share in the second quarter of the prior year. Comparable store sales increased 11.3% for the second quarter of fiscal 2005 compared to 6.8% in the second quarter of fiscal 2004.
Total net sales for the first six months (26 week period) of fiscal 2005 increased by 31.3% to $72.8 million from $55.4 million reported in the first six months of the prior year. The company posted net income of $808,000 or $0.06 per diluted share in the first six months of 2005 versus a net loss of $(439,000) or $(0.04) per diluted share in the prior year. Comparable store sales increased 11.6% for the first six months of fiscal 2005 compared to 7.5% for the first six months of fiscal 2004.
Rick Brooks, President and Chief Executive Officer of Zumiez Inc, stated, "The results for the second quarter, which exceeded expectations, were driven by new store openings, double digit comparable store sales gains and continued operating margin expansion. They were pleased with the strong performance of company new stores, further highlighting the expansion opportunities that exist for Zumiez on a national basis. "