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Zumiez December sales decline 6.2 percent

By Prachi Singh

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Zumiez has announced that its total net sales for the five-week period ended January 2, 2016 decreased 6.2 percent to 134.5 million dollars, compared to 143.4 million dollars for the five-week period ended January 3, 2015. The company's comparable sales decreased 8.9 percent for the period under review compared to a comparable sales increase of 8 percent, same period, last year.

For the fourth quarter, the company has raised its guidance and now expects fiscal 2015 fourth quarter net sales in the range of 237 dollars to 239 million dollars and net income per diluted share of approximately 0.45 dollar to 0.47 dollar which includes the recently disclosed estimate of 1.3 million dollars, or approximately 0.03 dollar per diluted share for exit costs associated with the shutdown of the company's fulfillment facility in Edwardsville, Kansas. This guidance is now predicated on a comparable sales decrease of approximately 11 percent for the quarter.

Zumiez