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Specialty retailer Zumiez Inc sales rise 27.2% in Q3

17
Nov '05
Leading specialty retailer of action sports related apparel, footwear, equipment and accessories Zumiez Inc announced results for the third quarter and nine months ended October 29, 2005.

Total net sales for the third quarter (13 weeks) ended October 29, 2005 increased by 27.2 percent to $57.4 million from $45.1 million reported in the third quarter of the prior year.

The company posted net income for the quarter of $5.3 million or $0.37 per diluted share versus net income of $3.5 million or $0.27 per diluted share in the third quarter of the prior year.

Comparable store sales increased 9.8 percent for the third quarter of fiscal 2005 compared to 9.0 percent in the third quarter of fiscal 2004.

Total net sales for the first nine months (39 week period) of fiscal 2005 increased by 29.4 percent to $130.2 million from $100.6 million reported in the first nine months of the prior year.

The company posted net income of $6.1 million or $0.45 per diluted share in the first nine months of 2005 versus $3.0 million or $0.23 per diluted share in the prior year.

Comparable store sales increased 10.8 percent for the first nine months of fiscal 2005 compared to 8.2 percent for the first nine months of fiscal 2004.

Rick Brooks, President and Chief Executive Officer of Zumiez Inc, stated, "Their results for the third quarter, which exceeded expectations, were fueled by comparable store sales gains and improved leverage on their sales growth.


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