Zumiez, Inc. (ZUMZ) Comps Fell 7.6% in July 2016
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Zumiez Inc. (NASDAQ: ZUMZ) announced that total net sales for the four-week period ended July 30, 2016 increased 1.0% to $61.9 million, compared to $61.4 million for the four-week period ended August 1, 2015. The Company's comparable sales decreased 2.9% for the four-week period compared to a comparable sales decrease of 7.6% in the year ago period.
Second quarter comparable sales decreased 4.9% which is ahead of our guidance range of -6.0% to -8.0%. We expect that our earnings per share will be at the high end or slightly better than our guidance range of -$0.09 to -$0.13 primarily due to higher than planned sales.
To hear the Zumiez prerecorded July sales message, please dial (201) 689-8483 or (877) 523-5612, followed by the passcode # 986439 (ZUMIEZ).
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