Zumiez Inc.
hiked its third-quarter earnings outlook to a range
of 25 cents to 27 cents a share from 21 cents to 24 cents a share
previously forecast due to better than expected sales and product
margins.
“This guidance is predicated on a comparable store sales
increase for the remainder of the third quarter in the mid single digit
range which will result in a high single digit comparable store sales
increase for the third quarter,” the specialty retailer said. A
September month-to-date comparable store sales
increased 15.3% and quarter-to-date comparable store sales increased
10.8% for the two and six week periods ended September 11, 2010.
Zumiez updated its guidance in conjunction with management's participation in the Seventeenth
Annual Goldman Sachs Global Retailing Conference on September 15, 2010.
