Net Sales Decreased 2.0% to $20.3 Million
EVERETT, Wash.--(BUSINESS WIRE)--
Zumiez Inc. (NASDAQ: ZUMZ) a leading specialty retailer of action sports
related apparel, footwear, equipment and accessories, today announced
the company's comparable store sales decreased 14.8% for the four-week
period ended January 31, 2009, versus a comparable store sales increase
of 1.7% in the year ago period ended February 2, 2008. Total net sales
for the four-week period ended January 31, 2009 decreased 2.0% to
approximately $20.3 million, compared to approximately $20.7 million for
the four-week period ended February 2, 2008.
Based on better than expected sales and margins for the fourth quarter,
the Company expects to be at the high end of its previously announced
diluted earnings per share guidance range of $0.52 to $0.57 for the
fiscal year ending January 31, 2009.
To hear the Zumiez prerecorded December sales message, please dial (585)
295-6795 (no passcode is required).
This guidance is based on our current expectations and includes
“forward-looking statements” within the meaning of Section 27A of the
Securities Act and Section 21E of the Exchange Act. Although the Company
believes there to be a reasonable basis for these forward-looking
statements, it can give no assurance that its expectations will prove to
be correct. The company reminds investors of the difficulty of
accurately assessing future growth given the unpredictability of fashion
trends and consumer preferences, boardsports’ popularity and
participation rates, general economic conditions, weather, and other
business variables and risks.
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 31, 2009 we operate 343
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 November 1, 2008 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.
Source: Zumiez Inc.
Zumiez Inc.
Trevor Lang, 425-551-1500 ext. 1564
Chief
Financial Officer
or
Investors
Integrated
Corporate Relations
Chad Jacobs / Brendon Frey, 203-682-8200