Zumiez Inc. Announces Comparable Sales Results for the Nine-Week Period Ended January 4, 2020; Revises Earnings Guidance for Fourth Quarter of Fiscal 2019
January 13, 2020 at 04:00 pm
Share
Zumiez Inc. announced comparable sales results for the nine-week period ended January 4, 2020. For the period, the company's comparable sales increased 6.8% for the nine-week period ended January 4, 2020 compared to the nine-week period ended January 5, 2019. In the prior year, comparable sales increased 4.0% for the nine-week period ended January 5, 2019.
Based primarily on stronger than expected quarter-to-date sales, the Company is increasing guidance and now expects comparable sales to increase approximately 6.0% for the quarter, with earnings per share between $1.34 and $1.38. This compares to previous guidance of comparable sales growth between 2% and 4%, with earnings per share between $1.26 and $1.32.
Zumiez Inc. is a specialty retailer of apparel, footwear, accessories and hardgoods for young men and women through the fashion, music, art and culture of action sports, streetwear and other lifestyles. The Company operates under the names Zumiez, Blue Tomato and Fast Times. It operates ecommerce websites at zumiez.com, zumiez.ca, blue-tomato.com and fasttimes.com.au. It operates over 756 stores: 597 in the United States, 47 in Canada, 87 in Europe and 25 in Australia. It owns approximately 356,000 square feet of land in Lynnwood, Washington, on which it owns a 63,071 square foot home office. It leases 14,208 square feet of office space in Schladming, Austria for its European home office. It also owns a 168,450 square foot building in Corona, California that serves as its domestic warehouse and distribution center. It operates 756 stores in various locations, including Alabama, Nevada, British Columbia, Alberta, Austria, Netherlands, South Australia, Queensland and others.
Zumiez Inc. Announces Comparable Sales Results for the Nine-Week Period Ended January 4, 2020; Revises Earnings Guidance for Fourth Quarter of Fiscal 2019