Sponsors
Billabong ▲ +0.010 | PPR ▲ +0.55 | American Apparel ▼ -0.013 | The Buckle ▼ -0.39 | Columbia ▲ +0.09 | Deckers Outdoor ▲ +0.26 | Dicks ▼ -0.02 | Foot Locker ▼ -0.18 | Genesco ▼ -0.06 | Iconix Brand Group ▼ -0.05 | Jarden Corp ▲ +0.15 | Nordstrom ▼ -0.15 | Luxottica ▼ -0.56 | Nike ▲ +0.51 | Pacific Sunwear ▼ -0.05 | Skullcandy ▼ -0.04 | Sport Chalet - 0 | Urban Outfitters ▼ -0.53 | VF Corp ▼ -0.01 | Quiksilver ▼ -0.01 | Zumiez ▼ -0.33 | Macys ▼ -0.37 | Tillys ▲ +0.05 |
Ticker Sponsor
Professional Services
More Professional Services...
Readers Say
I waited too long to sign up for Executive Edition
I waited too long to sign up for Executive Edition

I read Shop-Eat-Surf at every opportunity, and I waited too long to sign up for the Executive Edition. It’s timely, relevant and clearly “from the industry, for the industry.

- By Andy Laats, President, Nixon
It pertains to my business
It pertains to my business

I’m an avid reader of Shop-Eat-Surf because it’s really the only online newsletter that I have found that is not only industry related, but also because it’s not so “guy-centric.” I find that a lot of the information I read on the site pertains to my business (as a swimwear designer) and keeps me up to date on what other companies and other women in the industry in general are doing which is not only inspiring but also helps me gauge the future direction of my business as well.

I feel privileged to read the Executive Edition because I know I am getting insider industry information before it hits the mainstream media channels. And it’s always good to know what my friends are up to in the industry.

- By Monica Wise, Founder, L*Space
Industry Insight

MOSS ADAMS: Webinar 12/2 on internal controls to increase the value of your business.
AGENDA: 12/30 deadline to pre-register for Jan. 5-6 Long Beach show.
CIT TRADE FINANCE: Middle-market retailers cautiously optimistic for holiday.
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