Zumiez Inc.announced that total net sales for the five-week period ended October 1, 2016 increased 11.5 percent to $75.0 million, compared to $67.3 million for the five-week period ended October 3, 2015. The company’s comparable sales increased 6.3 percent for the five-week period compared to a comparable sales decrease of 1.8 percent in the year-ago period.
Based primarily on higher than planned sales quarter to date, the company is raising its guidance and now expects fiscal 2016 third-quarter net sales in the range of $216 million to $217 million and net income per diluted share of approximately 29 cents to 30 cents, an increase from the previously issued guidance of net sales in the range of $209 million to $213 million and net income per diluted share of approximately 21 cents to 26 cents. This guidance is now predicated on a comparable sales increase of approximately 2 percent for the third quarter.
