Sponsors
Billabong ▼ -0.005 | PPR ▲ +0.30 | American Apparel ▼ -0.047 | The Buckle ▲ +0.32 | Columbia ▲ +0.30 | Deckers Outdoor ▼ -0.61 | Dicks ▼ -0.03 | Foot Locker ▲ +0.43 | Genesco ▲ +0.25 | Iconix Brand Group ▼ -0.12 | Jarden Corp ▼ -0.06 | Nordstrom ▲ +0.23 | Luxottica ▲ +0.31 | Nike ▲ +0.09 | Pacific Sunwear ▲ +0.01 | Skullcandy ▼ -0.16 | Sport Chalet ▼ 0.00 | Urban Outfitters ▲ +0.10 | VF Corp ▲ +0.49 | Quiksilver ▼ -0.05 | Zumiez ▲ +0.15 | Macys ▲ +0.38 | Tillys ▼ -0.04 |
Ticker Sponsor
Readers Say
Useful on a daily basis
Useful on a daily basis

It's well balanced information that is useful on a daily basis. I'm very satisfied with the Executive Edition. I start each day with SES and a big cup of coffee!

- By Tom Ruiz, EVP Sales, Volcom
I require all our executives to read it
I require all our executives to read it

There is no better publication that I am aware of that is so accurate and on top of any news and developments in our industry. I personally recommend it to many people that want to know and understand more about our industry. For the most part, shop-eat-surf.com gets the stories first. As a matter of fact, I require all the executives in our company to read it.

- By Hezy Shaked, President & CEO, Tilly's
New Industry Insight

Shorebreak Hotel as a venue for industry events. Cinematographer Louie Schwartzberg's "Moving Art Retreat" in June at Turtle Bay Resort. Details on Industry Insight.


Tiffany Montgomery
Print This Article

Zumiez expects rough fourth quarter and 2009

Zumiez expects rough fourth
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