Zumiez Inc. announced that total net sales for the four-week period ended July 31, 2010 increased 15% to $34.4 million, compared to $29.9 million for the four-week period ended August 1, 2009. The Company's comparable store sales increased 9.4% for the four-week period, versus a comparable store sales decrease of 16.8% in the year ago period.
The Company also announced that based on better than projected sales and product margins, it is increasing its earnings guidance for the quarter ending July 31, 2010. The Company now expects net loss per diluted share for the second fiscal quarter of 2010 to be in the range of 2 cents to 3 cents, which includes approximately $1.0 million of pre-tax charges (after-tax per diluted share of 2 cents) associated with the relocation of the Company's distribution center from Everett, Washington to Corona, California. This guidance is favorable to the previously issued guidance of a net loss per diluted share between 7 cents to 10 cents, which had included estimated pre-tax charges of $1.3 million (after-tax per diluted share of 3 cents for the relocation of the Company's distribution center.
