Contact Information: Company Contact: Trevor Lang Chief Financial Officer Zumiez Inc. (425) 551-1500, ext. 1564 Investor Contact: ICR Chad Jacobs Brendon Frey (203) 682-8200
Zumiez Inc. Reports December 2009 Sales Results
Net Sales Increased 7.7% to $77.6 Million; December 2009 Comparable Store Sales Increased 0.3%
| Source: Zumiez
EVERETT, WA--(Marketwire - January 6, 2010) - Zumiez Inc. (NASDAQ : ZUMZ ), a leading specialty
retailer of action sports related apparel, footwear, equipment and
accessories, today announced that total net sales for the five-week period
ended January 2, 2010 increased 7.7% to $77.6 million, compared to $72.0
million for the five-week period ended January 3, 2009. The company's
comparable store sales increased 0.3% for the five-week period, versus a
comparable store sales decrease of 12.3% in the year ago period.
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 January 30, 2009. The company now expects
fiscal fourth quarter 2009 comparable store sales to decline in the
mid-to-low single digit range versus its previous expectation for
comparable store sales to decline in the high-to-mid single digit range.
Based on the revised sales and margin projections, the company now expects
fiscal fourth quarter 2009 net income per diluted share to range between
$0.24 to $0.27, up from its previously issued guidance of net income per
diluted share between $0.18 to $0.22. This guidance excludes any potential
non-cash impairment charges and an accrual for a previously disclosed
lawsuit. These potential expenses are currently being evaluated as part of
the year end closing process and if material will be discussed in our year
end earnings release in March 2010.
To hear the Zumiez prerecorded December sales message, please dial (585)
295-6795 (no passcode is required).
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 January 2, 2010 we operate 377 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 October 31, 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.