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Zumiez (ZUMZ) January Comps Up 2.6%; Boosts Q4 Outlook

February 6, 2013 4:01 PM EST Send to a Friend
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Zumiez, Inc. (NASDAQ: ZUMZ) nnounced that total net sales for the five-week period ended February 2, 2013 increased 57.9% to $50.3 million, compared to $31.8 million for the four-week period ended January 28, 2012. The Company's comparable store sales increased 2.6%, for the five-week period ended February 2, 2013, on top of a comparable store sales increase of 11.1% for the five-weeks ended February 4, 2012.

The Company's fourth quarter (14-weeks) comparable store sales decreased 1.0% and the full year fiscal 2012 (53-weeks) comparable store sales increased 5.0%. Due to the 53rd week in fiscal 2012, comparable store sales for the period ended February 2, 2013 are compared to the same time frame ended February 4, 2012.

Based primarily on better than planned sales, the Company has increased its fiscal 2012 fourth quarter guidance. The Company now expects net income per diluted share to be $0.65 to $0.66, an increase from the previously issued guidance of net income per diluted share of approximately $0.59 to $0.62.

*** The Street sees Q4 EPS of $0.68.




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