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
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
Since the inception of Executive Edition, I only need 1 stop
Since the inception of Executive Edition, I only need 1 stop

As a retailer in the surf industry for the past 21 years, I have had to use multiple sources to stay informed to the news within surf. Since the inception of the Executive Edition of Shop-Eat-Surf.com, I need only one stop. Thanks for providing such a valuable tool to all of us in the industry. Shop-Eat-Surf is a must read for all of our staff at Maui Nix.

- By George Karamitos, CEO, Maui Nix
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 beats its expectations with comps that fell double-digits in April and Q1

Zumiez beats its expectations
By Andrew Horan
May 06, 2009 3:14 PM

Action sports retailer Zumiez today reported double-digit declines in its comps, but called those results better than expected and said its loss per share will be significantly less than it had earlier projected.

Zumiez saw same-store results for April fall by -13.8 percent, and Q109 results dip by -15.3 percent, the company reported.

Net sales fell by -1.7 percent for the past four weeks, the retailer reported.

Zumiez operates 358 stores, and bills itself as a "core store in the mall."

Here's the company's earnings statement:

Zumiez Inc., a leading specialty retailer of action sports related apparel, footwear, equipment and accessories, today announced that total net sales for the four-week period ended May 2, 2009 decreased 1.7% to $23.8 million, compared to $24.2 million for the four-week period ended May 3, 2008.

The company's comparable store sales decreased 13.8% for the four-week period, versus a comparable store sales increase of 4.1% in the year ago period. Comparable store sales for the first fiscal quarter of 2009 decreased 15.3% vs. a decrease of 0.8% for the first quarter of 2008.

Based primarily on better than expected sales and margins for the first quarter, the Company expects diluted loss per share to be ($0.09) to ($0.08) compared to the previously announced diluted loss per share guidance range of ($0.17) to ($0.13) for the fiscal quarter ending May 2, 2009.


More on: earnings, sales, Zumiez

Articles You Might Have Missed