15 Jan Zumiez’s Holiday Sales Jump
Zumiez Inc. announced that the company’s comparable sales increased 6.8 percent 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 percent 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 percent for the quarter, with earnings per share between $1.34 and $1.38. This compares to previous guidance of comparable sales growth between 2 percent and 4 percent, with earnings per share between $1.26 and $1.32. Zumiez plans to report fourth-quarter 2019 results on March 12, 2020.