Zumiez Inc. announced that total net sales for the five-week period ended Jan. 3, 2015 increased 14.4 percent to $143.4 million, compared to $125.3 million a year ago. The company's comparable sales increased 8.0 percent for the five-week period ended January 3, 2015 compared to a comparable sales decrease of 2.4 percent for the five-week period ended January 4, 2014.
Based primarily on higher than planned sales quarter-to-date and to a lesser extent better product margins, partially offset by foreign currency headwinds, the Company is raising its guidance and now expects fiscal 2014 fourth quarter net sales in the range of $255 to $256 million and net income per diluted share of approximately 75 to 77 cents a share, an increase from the previously issued guidance of net sales in the range of $249 to $251 million and net income per diluted share of approximately 69 to 72 cents a share. This guidance is now predicated on a comparable sales increase of approximately 7 percent for the fourth quarter and includes a previously disclosed estimate of $0.6 million, or approximately $0.02 per diluted share, for charges associated with the acquisition of Blue Tomato.
