Zumiez December Comps Rise 4.9%

The company raises fourth quarter outlook.
Published: January 10, 2019 Press Release

Zumiez Inc. (NASDAQ: ZUMZ) a leading specialty retailer of apparel, footwear, equipment and accessories for young men and women, announced, that total net sales for the five-week period ended January 5, 2019 increased 2.9% to $164.6 million, compared to $160.0 million for the five-week period ended December 30, 2017.  The Company’s comparable sales increased 4.9% for the five-week period ended January 5, 2019 compared to a comparable sales increase of 7.9% for the five-week period ended December 30, 2017.

Based primarily on stronger than expected quarter-to-date sales, the Company is increasing guidance and now expects fiscal 2018 fourth quarter comparable sales growth of approximately 3%, and earnings per share between $1.08 and $1.10.  This compares to the previous guidance for comparable sales growth between 0% and 2%, and earnings per share between $1.02 and $1.08.

To hear the Zumiez prerecorded December sales message, please dial (201) 689-8483 or (877) 523-5612, followed by the passcode # 986439 (ZUMIEZ).

About Zumiez Inc.

Zumiez is a leading specialty retailer of apparel, footwear, accessories and hardgoods for young men and women who want to express their individuality through the fashion, music, art and culture of action sports, streetwear, and other unique lifestyles. As of January 5, 2019, we operated 709 stores, including 610 in the United States, 50 in Canada, 41 in Europe and 8 in Australia. We operate under the names Zumiez, Blue Tomato and Fast Times. Additionally, we operate ecommerce web sites at zumiez.com, blue-tomato.com and fasttimes.com.au.

Strategy & Planning Series
Strategy & Planning Series
Strategy & Planning Series
Strategy & Planning Series