Zumiez, Inc. (ZUMZ) July Comps Fell 7.6%

Zumiez, Inc. (NASDAQ: ZUMZ) announced that total net sales for the four-week period ended August 1, 2015 decreased 2.3% to $61.4 million, compared to $62.8 million for the four-week period ended August 2, 2014. The Company's comparable sales decreased 7.6% for the four-week period compared to a comparable sales increase of 3.5% in the year ago period.

Rick Brooks, Chief Executive Officer of Zumiez Inc., stated, "While our second quarter comparable sales decrease of 4.5% was within our guidance range, we did experience greater than anticipated pressure as we moved through the month from both a sales perspective with the shift in Labor Day and related sales tax holidays as well as on product margin from higher promotional activity to clear seasonal inventory. Due to these factors we now expect our second quarter Diluted Earnings per Share to be slightly below our previous announced guidance of $0.12."

Based on a shift in the calendar which results in Labor Day being a week later this year, Zumiez plans to report financial results for the quarter ending August 1, 2015 and August comparable sales for the 4-week period ending August 29, 2015 on Thursday, September 10, 2015.

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