Zumiez Inc. announced that total net sales for the five-week period ended January 4, 2014 increased 4.2 percent to $125.3 million, compared to $120.3 million for the five-week period ended Dec. 29, 2012. The company's comparable store sales decreased 2.4 percent for the five-week period ended Jan. 4, 2014 compared to a comparable store sales decrease of 1.0 percent for the five-week period ended Dec. 29, 2012.
Based primarily on lower than planned sales quarter-to-date, and to a lesser extent lower than planned merchandise margins, the company is revising guidance and now expects fiscal 2013 fourth quarter sales in the range of $226 to $229 million and net income per diluted share of approximately 56 to 59 cents a share, a decrease from the previously issued guidance of sales in the range of $230 to $237 million and net income per diluted share of approximately 60 to 66 cents. This guidance is now predicated on a low single digit comparable store sales decrease for the fourth quarter and includes a previously disclosed estimate of $1.7 million, or approximately 5 cents per diluted share, for charges associated with the acquisition of Blue Tomato.
Zumiez is a leading multi-channel specialty retailer of action sports related apparel, footwear, equipment and accessories, focusing on skateboarding, snowboarding, surfing, motocross and BMX for young men and women. As of Jan. 4, 2014 it operated 553 stores including 513 in the United States, 28 in Canada, and 12 in Europe.
