Zumiez Inc. reported revenues improved 18.8 percent to $105.9 million in the fiscal first quarter ended April 30 on an increase in transactions and improvement from the companys e-commerce channel.
On a conference call with analysts, Chief Administration Officer Trevor Lang said the surge in sales was also driven by a 12.6 percent comp store sales improvement and the opening of 30 new stores since the year-ago period.
Lang said the retailer saw comparable strength from footwear, accessories, men’s and juniors departments which more than offset comp weakness in the hardgoods and boys departments.
Zumiez recorded a net income of $1.9 million, or 6 cents per diluted share, compared to a net loss of $1.9 million, or a loss of 6 cents per diluted share, in the year-ago period. Of note, last year’s loss per share includes approximately 3 cents per share associated with the relocation of the companys distribution center.
Gross margin for the quarter improved 300 basis points to 31.6 percent of sales, an improvement management attributed to leveraging sales gains over store occupancy and supply chain costs along with a decrease in the DC relocation costs incurred in the year-ago period.
Looking ahead, Zumiez said it expects a net income per diluted share of approximately 2 cents to 4 cents per diluted share for the second quarter ended July 30. Same-store sales are expected to increase in the mid-single-digit range.
