Zumiez Q4 Income Jumps 66% on 12% Comps

Zumiez Inc. net sales for the fourth quarter ended February 3, 2007 increased by 49.0% to $112.4 million from $75.4 million reported in the fourth quarter of the prior fiscal year. The company posted net income for the quarter of $11.3 million or 39 cents per diluted share versus $6.8 million or 23 cents per diluted share in the fourth quarter of the prior fiscal year. Comparable store sales increased 12.0% for the fourth quarter of fiscal 2006 compared to a 20.7% increase in the fourth quarter of fiscal 2005.

Total net sales for fiscal 2006 (53 week period) increased by 45.0% to $298.2 million from $205.6 million reported in fiscal 2005 (52 week period). The company posted net income of $20.9 million or $0.73 per diluted share in fiscal 2006 versus $12.9 million or $0.47 per diluted share in the prior year. Comparable store sales increased 13.0% in fiscal 2006 compared to 14.2% in fiscal 2005.

Rick Brooks, President and Chief Executive Officer of Zumiez Inc., stated, “We are pleased to have completed another terrific year at Zumiez, the 27th of the past 28 years with a comparable store sales increase. We also successfully completed the integration of the acquisition of Fast Forward and opened an additional 42 new stores during the year.”

Mr. Brooks concluded, “The continued success of the highly differentiated Zumiez concept is a testament to the great team we've assembled. We remain on track to open 50 new stores in fiscal 2007, and are excited about our growth prospects for the coming year and beyond.”

The company's long-term financial targets include comparable store sales growth in the mid single digit range, net square footage expansion of approximately 20%, and diluted EPS growth in excess of 30%. In line with its long-term growth goals, the company introduced guidance for fiscal 2007 of 94 cents to 96 cents in diluted earnings per share. Weighted average diluted shares for the fiscal year are expected to be approximately 29,500,000.

                             ZUMIEZ INC.
                    CONDENSED STATEMENT OF INCOME
           (in thousands, except share and per share data)
                             (Unaudited)

                         Three Months Ended          Year Ended
                       ----------------------- -----------------------
                       February 3, January 28, February 3, January 28,
                           2007        2006        2007        2006
                       ----------- ----------- ----------- -----------
Net sales                $112,378     $75,401    $298,177    $205,589
Cost of goods sold         68,115      46,657     189,609     132,811
                       ----------- ----------- ----------- -----------
Gross profit               44,263      28,744     108,568      72,778

Selling, general and
 administrative
 expenses                  26,205      18,200      76,124      52,730
                       ----------- ----------- ----------- -----------
Operating profit           18,058      10,544      32,444      20,048

Interest income
 (expense), net               365         393       1,178         648
Other income
 (expense), net                --         (18)        (16)         (1)
                       ----------- ----------- ----------- -----------
Earnings before income
 taxes                     18,423      10,919      33,606      20,695

Provision for income
 taxes                      7,145       4,155      12,750       7,844
                       ----------- ----------- ----------- -----------
Net income               $ 11,278     $ 6,764    $ 20,856    $ 12,851
                       =========== =========== =========== ===========

Basic net income per
 share                   $   0.41     $  0.25    $   0.76    $   0.50
                       =========== =========== =========== ===========

Diluted net income per
 share                   $   0.39     $  0.23    $   0.73    $   0.47
                       =========== =========== =========== ===========

Weighted average
 shares outstanding,
 Basic                 27,789,980  27,245,038  27,542,891  25,879,675

Weighted average
 shares outstanding,
 Diluted               28,973,631  28,799,710  28,703,037  27,376,684