Zumiez Inc. reports that comparable store sales increased 5.1% for fiscal October, on top of a 15.9% comps jump in the same month last year. Total net sales for the four-week period increased 24.6% to $24.7 million from $19.9 million last year.
For the third fiscal quarter ended November 3, 2007, the company expects to report diluted earnings per share in the range of 27 cents to 28 cents per share, versus diluted earnings per share of 24 cents in the third quarter last year.
The company is taking a more conservative outlook for the remainder of fiscal 2007 due to the reliance on seasonal merchandise in the fourth quarter. The company now expects full year fiscal 2007 earnings per diluted share to be in the range of 92 cents to 94 cents compared to fiscal 2006 earnings of 73 cents per diluted share. This range is down from guidance given at the end of Q2 of diluted earnings per share in the range 97 cents to 99 cents for the year.
