Zumiez Inc. reported that total net sales for the four-week period ended May 2, 2009 decreased 1.7% to $23.8 million, compared to $24.2 million for the four-week period ended May 3, 2008. The company's comparable store sales decreased 13.8% for the four-week period, versus a comparable store sales increase of 4.1% in the year ago period. Comparable store sales for the first fiscal quarter of 2009 decreased 15.3% vs. a decrease of 0.8% for the first quarter of 2008.
Based primarily on better than expected sales and margins for the first quarter, the company expects diluted loss per share to be 9 cents and 8 cents compared to the previously announced diluted loss per share guidance range of 17 cents and 13 cents for the fiscal quarter ending May 2, 2009.
