Sponsors
Billabong ▼ -0.010 | PPR ▼ -2.20 | American Apparel ▼ -0.020 | The Buckle ▼ -0.85 | Columbia ▼ -1.34 | Deckers Outdoor ▲ +1.09 | Dicks ▼ -0.65 | Foot Locker ▼ -0.56 | Genesco ▼ -0.67 | Iconix Brand Group ▼ -1.22 | Jarden Corp ▲ +0.01 | Nordstrom ▲ +0.11 | Luxottica ▼ -0.58 | Nike ▼ -0.16 | Pacific Sunwear ▲ +0.07 | Skullcandy ▼ -0.12 | Sport Chalet - 0 | Urban Outfitters ▼ -0.44 | VF Corp ▲ +0.13 | Quiksilver ▼ -0.01 | Zumiez ▼ -0.33 | Macys ▼ -0.46 | Tillys ▼ -0.14 |
Professional Services
Friedman Stroffe & Gerard, P.C.

FSG’s Action Sports Practice Group provides legal services to the action sports industry. Our clients include surfers, skiers, snowboarders and skaters, as well as sponsors and leading apparel companies. Our attorneys serve in positions with industry organizations such as the Association of Surfing Professionals. We know your business and can provide full-service legal solutions to meet your organizational needs.

More Professional Services...
Readers Say
The first thing I look at
The first thing I look at

I find Shop-Eat-Surf to be a very useful and informative site that I enjoy browsing daily. Shop-Eat-Surf is the first thing I look at every morning to keep up-to-date on the latest talk, events, and happenings in the industry. I must say I am a fan of Shop-Eat-Surf.

- By Bobby Abdel, Partner, Jack's Surfboards
Always a good daily read
Always a good daily read

Shop-Eat-Surf creates a good source of timely information about the industry. The site makes all types and size companies feel part of a community where everyone is stoked to hear about other companies successes and ideas. It is always a good daily read.

- By Ted Li, VP of North America, Oakley
Industry Insight

CFA, WELLS FARGO: Invitation to next "Crystal Ball" breakfast session, "Private Label vs Branded Manufacturing."

STOKES ME: SIMA Humanitarian Fund campaign kicks off this week with "Add-A-Buck" promotions in 76 core-store doors.

Details on Industry Insight.


Tiffany Montgomery
Print This Article

Zumiez expects rough fourth quarter and 2009

By Tiffany Montgomery
November 06, 2008 6:39 AM

Zumiez slashed its fourth quarter comp store and earnings projections yesterday after weak October sales. The company also said it expects 2009 to remain challenging, and is lowering its inventory commitments, slowing store growth and reducing capital expenditures in response.

October comp store sales: down 13.1 percent.

Comps in week 1: down 10.3 percent

Week two: down 11.8 percent

Week three: down 9.7 percent

Week four: down 20.4 percent (impacted by shift of a snow event from October to November)

Q3 earnings guidance: 22 cents to 23 cents per share, vs. 28 cents in Q3 2007.

Q4 comps guidance: down mid teens, lower than the negative low-single digits previously forecast.

FY earnings guidance: 52 cents to 57 cents per share, down from 80 cents to 82 cents previously forecast.

Balance sheet: The company expects to end the year with $75 million in cash and marketable securities and no debt.

 


More on: earnings, sales, Zumiez

Articles You Might Have Missed