Zumiez Inc. reported sales exceeded expectations in the fiscal fourth quarter ended Jan. 31 as comp store sales rebounded strongly amid strengthening demand in both the United States and Europe.
The action sports retailer reported net sales increased 14 percent to $258.6 million in the quarter, compared with the fourth quarter of 2014. North American sales rose 13.4 percent to $230.7 million, while sales at the European action sports retailer Blue Tomato increased 19.2 percent to $27.9 million. In a complete reversal from a year ago, ZUMZ said it now expects Blue Tomato to hit new store metrics spelled out in a 2012 earn-out agreement.
Blue Tomato chain poised to hit earn-out targets
headwinds will slow first quarter growth
American Sales up 13.4 percent
U.S. store openings planned for FY 2015