Zumiez, Inc. (ZUMZ) holiday comparable sales increased 6.8%
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Revenue Growth %: -0.5%
Financial Fact:
Diluted earnings (loss) per share: 0.43
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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 the Company's comparable sales increased 6.8% for the nine-week period ended January 4, 2020 compared to the nine-week period ended January 5, 2019. In the prior year, comparable sales increased 4.0% for the nine-week period ended January 5, 2019.
Based primarily on stronger than expected quarter-to-date sales, the Company is increasing guidance and now expects comparable sales to increase approximately 6.0% for the quarter, with earnings per share between $1.34 and $1.38. This compares to our previous guidance of comparable sales growth between 2% and 4%, with earnings per share between $1.26 and $1.32. Zumiez plans to report fourth quarter 2019 results on March 12, 2020.
To hear the Zumiez prerecorded Holiday 2019 sales message, please dial (201) 689-8483 or (877) 523-5612, followed by the passcode # 986439 (ZUMIEZ).
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