Zumiez Inc. reported that total sales for the five-week period ended Oct. 1 increased 18.3 percent to $52.9 million, compared to $44.7 million in the year-ago period. Comparable store sales increased 10.1 percent.
For the nine-week period, the company's comparable store sales increased 6.8 percent, on top of a 12.4 percent comparable store sales increase for the same period last year.
Based on better than planned sales, the company has increased its guidance and now expects fiscal 2011 third quarter sales of $150 to $152 million and net income per diluted share is now projected at approximately 40 cents to 41 cents a share, an increase from the previously issued guidance of net income per diluted share of approximately 37 cents to 39 cents . This guidance is predicated on a mid single digit comparable store sales increase for the third quarter.
Zumiez is a leading specialty retailer of action sports related apparel, footwear, equipment and accessories with 428 stores as of Oct. 1.
