Zumiez Inc.'s net sales for the five-week period ended July 5, 2014 increased 11.1 percent to $65.3 million, compared to $58.8 million for the five-week period ended July 6, 2013. The company's comparable store sales increased 3.1 percent for the five-week period compared to a comparable store sales increase of 1.0 percent in the year ago period.
Based primarily on better than planned sales results, the company is revising guidance and now expects fiscal 2014 second quarter sales in the range of $174 to $176 million and net income per diluted share of approximately 19 cents to 21 cents, an increase from the previously issued guidance of sales in the range of $167 to $171 million and net income per diluted share of approximately 12 to 16 cents. This guidance is now predicated on a low single digit comparable store sales increase for the second quarter and includes a previously disclosed estimate of $0.6 million, or approximately 2 cents per diluted share, for charges associated with the acquisition of Blue Tomato.
