Contact Information: Company Contact: Trevor Lang Chief Financial Officer Zumiez Inc. (425) 551-1500 ext 1564 Investor Contact: ICR, Inc. Chad Jacobs/Brendon Frey (203) 682-8200
Zumiez Inc. Announces Fall Conference Schedule
Company Raises Fiscal Third Quarter Guidance; September Month-to-Date Comparable Store Sales Increased 0.8%
| Source: Zumiez
EVERETT, WA--(Marketwire - September 28, 2009) - Zumiez Inc. (NASDAQ : ZUMZ ) a leading specialty
retailer of action sports related apparel, footwear, equipment and
accessories, today announced that management will participate in the
Jefferies Consumer Summit on September 30, 2009 and will present at the
Thomas Weisel Consumer Conference on October 1, 2009. The Thomas Weisel
presentation is scheduled for 11:30 Eastern Time and the live webcast can
be accessed via the investor relations page of Zumiez website at
http://ir.zumiez.com. To listen to the live webcast, visit the Zumiez
website at least 10 minutes in advance to download and install any
necessary audio software.
In conjunction with management's investor conference participation, the
Company announced that based on better than planned quarter-to-date sales
and product margins, it is increasing its expected sales and earnings
guidance for the quarter ending October 31, 2009. September month-to-date
comparable store sales increased 0.8% and quarter-to-date comparable store
sales declined 7.7% for the four and eight week periods ended September 26,
2009. The Company now expects fiscal third quarter 2009 comparable store
sales to decline in the negative high single digits to low double digits
versus its previous expectation for comparable store sales to decline in
the low-to-mid teen range. Based on the revised sales and margin
projections, the Company now expects fiscal 2009 third quarter net income
per diluted share to range between $0.12 to $0.14, up from its previously
issued guidance of net income between $0.05 to $0.07.
To hear the Zumiez prerecorded back-to-school review and third quarter
sales and earnings update message, please dial (585) 295-6795 and enter the
passcode 8102.
About Zumiez Inc.
Zumiez is a leading specialty retailer of action sports related apparel,
footwear, equipment and accessories. Our stores cater to young men and
women between ages 12-24, focusing on skateboarding, surfing, snowboarding,
motocross and BMX. As of September 26, 2009 we operate 376 stores, which
are primarily located in shopping malls and our web site address is
www.zumiez.com.
Safe Harbor Statement
Certain statements in this press release and oral statements relating
thereto made from time to time by representatives of the company may
constitute forward-looking statements for purposes of the safe harbor
provisions under the Private Securities Litigation Reform Act of 1995.
These statements include, without limitation, predictions and guidance
relating to the company's future financial performance, brand and product
category diversity, ability to adjust product mix, integration of acquired
businesses, growing customer demand for our products and new store
openings. In some cases, you can identify forward-looking statements by
terminology such as, "may," "should," "expects," "plans," "anticipates,"
"believes," "estimates," "predicts," "potential," "continue," or the
negative of these terms or other comparable terminology. These
forward-looking statements are based on management's current expectations
but they involve a number of risks and uncertainties. Actual results and
the timing of events could differ materially from those anticipated in the
forward-looking statements as a result of risks and uncertainties, which
include, without limitation, those described in the company's quarterly
report on Form 10-Q for the quarter ended August 1, 2009 as filed with the
Securities and Exchange Commission and available at www.sec.gov. You are
urged to consider these factors carefully in evaluating the forward-looking
statements herein and are cautioned not to place undue reliance on such
forward-looking statements, which are qualified in their entirety by this
cautionary statement. The forward-looking statements speak only as of the
date on which they are made and the company undertakes no obligation to
publicly update such forward-looking statements to reflect subsequent
events or circumstances.