Zumiez Inc. reported sales in the first quarter increased 9.0 percent to $177.6 million from $162.9 million in the first quarter. Comparable sales for the thirteen weeks ended May 2, 2015 increased 3.0 percent compared to a comparable sales increase of 1.8 percent in the first quarter of 2014.

Net income in the first quarter of fiscal 2015 was $2.8 million, or $0.09 per diluted share, compared to net income of $2.5 million, or $0.09 per diluted share, in the first quarter of the prior fiscal year.

The results for the first quarter of 2015 include costs of approximately $1.1 million, or $0.03 per diluted share, for charges associated with the acquisition of Blue Tomato, and the results for the first quarter of 2014 include approximately $0.6 million, or $0.01 per diluted share, for charges associated with the acquisition of Blue Tomato.

At May 2, 2015, the company's cash and current marketable securities increased 40.0 percent to $150.9 million compared to cash and current marketable securities of $107.8 million at May 3, 2014. The increase in cash and current marketable securities is a result of cash generated through operations, partially offset by capital expenditures.

Rick Brooks, Chief Executive Officer of Zumiez Inc., stated, “We delivered first quarter results that were in-line with our expectations. While the pace of our domestic business slowed more than anticipated in April, this was offset by strong sales gains in Europe where growth momentum continues. Overall, we remain confident that our omnichannel strategy, authentic lifestyle positioning, and commitment to customer service provide us with strong competitive advantages that will deliver increased profitability and greater shareholder value over the long-term.”

May 2015 Sales

Total net sales for the four-week period ended May 30, 2015 increased 4.1 percent to $51.5 million, compared to $49.5 million for the four-week period ended May 31, 2014. The company's comparable sales decreased 2.2 percent for the four-week period ended May 30, 2015 compared to a comparable sales increase of 3.6 percent for the four-week period ended May 31, 2014.

Fiscal 2015 Second Quarter Outlook

The company is introducing guidance for the three months ending August 1, 2015. Net sales are projected to be in the range of $179 to $183 million resulting in net income per diluted share of approximately $0.12 to $0.15, which includes an estimated $0.4 million, or approximately $0.01 per diluted share, for charges associated with the acquisition of Blue Tomato. This guidance is based on an anticipated comparable sales decrease in the (5 percent) to (3 percent) range for the second quarter of fiscal 2015. The company currently intends to open approximately 57 new stores in fiscal 2015, including up to 7 stores in Canada and 6 stores in Europe.