The Company is introducing guidance for the three months ending April 30, 2011 of a net loss per diluted share of approximately $0.03 to $0.00. This guidance is based on an anticipated comparable store sales increase in the mid to high single digit range for the first quarter of fiscal 2011.
The Company currently intends to open approximately 44 new stores in fiscal 2011, including its first stores in Canada, with an opening cadence similar to fiscal 2010.
A conference call will be held today to discuss fourth quarter results and there will be a webcast at 5:00 p.m. ET on http://ir.zumiez.com. Participants may also dial (857) 350-1679 followed by the conference identification code of 16262619.
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 February 26, 2011 we operated 401 stores, which are primarily located in shopping malls, and our web site address is www.zumiez.com.