Zumiez President pleased with comparable store results

08 Jan '08

1 min read

Zumiez Inc announced the company's comparable store sales increased 3.9% for the five-week period ended January 5, 2008, versus a comparable store sales increase of 11.5% in the year ago period ended December 30, 2006.

Total net sales for the five-week period ended January 5, 2008 increased 15.3% to $72.0 million, compared to $62.5 million for the five-week period ended December 30, 2006.

Based on the quarter-to-date results, the company now expects full year fiscal 2007 earnings per diluted share to be in the range of $0.82 to $0.83 compared to fiscal 2006 earnings of $0.73 per diluted share, and the company's previous guidance of $0.92 to $0.94 per diluted share.

Rick Brooks, President and Chief Executive Officer of Zumiez Inc, stated, "While we were pleased to again report positive comparable store sales in December against a very tough comparison, we fell short of our expectations for the month.

Although holiday sales were positive, we did not experience the across the board strength that we had planned for. Nevertheless, we remain optimistic about the long term prospects for Zumiez."

Zumiez Inc

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