04 Jan Zumiez Sees December Comps Climb 8 Percent
Zumiez Inc. announced that total net sales for the five-week period ended December 30, 2017 increased 11.4 percent to $160.0 million, compared to $143.6 million for the five-week period ended December 31, 2016. The company’s comparable sales increased 7.9 percent for the five-week period compared to a comparable sales increase of 3.4 percent in the year ago period.
Due primarily to stronger than expected quarter-to-date sales and product margin performance, the company is increasing guidance and now expects fiscal 2017 fourth quarter comparable sales growth of approximately 7 percent, and earnings per share between 88 and 90 cents. This compares to the previous guidance for comparable sales growth between 3 percent and 5 percent, earnings per share between 78 cents and 84 cents and excludes any potential impact of recently passed tax reform.