Zumiez Inc. reported a 3.9% increase in same-store sales for the five-week fiscal December period. The gain comes on top of an 11.5% jump for the year-ago month. Total net sales for the month increased 15.3% to $72.0 million, compared to $62.5 million last year.
With the slow comps growth, the company lowered its full-year earning per share guidance to a range of 82 cents to 83 cents per diluted share from earlier guidance of 92 cents to 94 cents per diluted share. Zumiez reported diluted earnings per share of 73 cents for fiscal 2006.
Rick Brooks, president and CEO of Zumiez Inc., stated, “While we were pleased to again report positive comparable store sales in December against a very tough comparison, we fell short of our expectations for the month. Although holiday sales were positive, we did not experience the across the board strength that we had planned for. Nevertheless, we remain optimistic about the long term prospects for Zumiez.”
