Zumiez, Inc. (ZUMZ) Comps Rose 8.9% in Dec.
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Zumiez Inc. (NASDAQ: ZUMZ), a leading specialty retailer of apparel, footwear, equipment and accessories for young men and women, today announced that total net sales for the five-week period ended January 2, 2016 decreased 6.2% to $134.5 million, compared to $143.4 million for the five-week period ended January 3, 2015. The Company's comparable sales decreased 8.9% for the five-week period ended January 2, 2016 compared to a comparable sales increase of 8.0% for the five-week period ended January 3, 2015.
Based primarily on better than expected sales, the Company is raising its guidance and now expects fiscal 2015 fourth quarter net sales in the range of $237 to $239 million and net income per diluted share of approximately $0.45 to $0.47 which now includes the recently disclosed estimate of $1.3 million, or approximately $0.03 per diluted share for exit costs associated with the shutdown of the Company's fulfillment facility in Edwardsville, Kansas. This guidance is now predicated on a comparable sales decrease of approximately 11% for the fourth quarter and is an increase from the previously issued guidance of net sales in the range of $226 to $231 million and net income per diluted share of approximately $0.40 to $0.46 that did not include the above mentioned exit costs.
To hear the Zumiez prerecorded December sales message, please dial (201) 689-8483 or (877) 523-5612, followed by the passcode # 986439 (ZUMIEZ).
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