Zumiez, Inc. (ZUMZ) June Comps Rose 3.1%; Boosts Q2 Outlook

Zumiez, Inc. (NASDAQ: ZUMZ) announced that total net sales for the five-week period ended July 5, 2014 increased 11.1% to $65.3 million, compared to $58.8 million for the five-week period ended July 6, 2013. The Company's comparable store sales increased 3.1% for the five-week period compared to a comparable store sales increase of 1.0% in the year ago period.

Based primarily on better than planned sales results, the Company is revising guidance and now expects fiscal 2014 second quarter sales in the range of $174 to $176 million and net income per diluted share of approximately $0.19 to $0.21, an increase from the previously issued guidance of sales in the range of $167 to $171 million and net income per diluted share of approximately $0.12 to $0.16. This guidance is now predicated on a low single digit comparable store sales increase for the second quarter and includes a previously disclosed estimate of $0.6 million, or approximately $0.02 per diluted share, for charges associated with the acquisition of Blue Tomato.

*** The Street sees Q2 revs of $171.6 million and EPS of $0.18.

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