Company Raises Fiscal Third Quarter Guidance; September Month-to-Date Comparable Store Sales Increased 0.8%EVERETT, WA, Sep 28, 2009 (MARKETWIRE via COMTEX) -- Zumiez Inc. (NASDAQ: ZUMZ) a leading specialty retailer of action
sports related apparel, footwear, equipment and accessories, today
announced that management will participate in the Jefferies Consumer
Summit on September 30, 2009 and will present at the Thomas Weisel
Consumer Conference on October 1, 2009. The Thomas Weisel
presentation is scheduled for 11:30 Eastern Time and the live webcast
can be accessed via the investor relations page of Zumiez website at
http://ir.zumiez.com. To listen to the live webcast, visit the
Zumiez website at least 10 minutes in advance to download and install
any necessary audio software.
In conjunction with management's investor conference participation,
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 October
31, 2009. September month-to-date comparable store sales increased
0.8% and quarter-to-date comparable store sales declined 7.7% for the
four and eight week periods ended September 26, 2009. The Company
now expects fiscal third quarter 2009 comparable store sales to
decline in the negative high single digits to low double digits
versus its previous expectation for comparable store sales to decline
in the low-to-mid teen range. Based on the revised sales and margin
projections, the Company now expects fiscal 2009 third quarter net
income per diluted share to range between $0.12 to $0.14, up from its
previously issued guidance of net income between $0.05 to $0.07.
To hear the Zumiez prerecorded back-to-school review and third
quarter sales and earnings update message, please dial (585) 295-6795
and enter the passcode 8102.
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 September 26, 2009
we operate 376 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 August 1, 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.
Company Contact:
Trevor Lang
Chief Financial Officer
Zumiez Inc.
(425) 551-1500 ext 1564
Investor Contact:
ICR, Inc.
Chad Jacobs/Brendon Frey
(203) 682-8200
SOURCE: Zumiez