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Zumiez beats the competition again
By TIFFANY MONTGOMERY
December 01, 2011 01:17 PM
December 01, 2011 01:17 PM
Important industry customer Zumiez said this afternoon that November same store sales increased 8.4%, significantly better than the 3.1% consensus increase predicted by stock analysts.
The strong November is a good indicator that Zumiez will have a good holiday season on top of a robust back-to-school period.
The company also released third quarter earnings. Here’s a quick summary of the results:
Net sales: up 13.3% to $154 million
Same store sales: up 6% vs. a 14.4% increase the same period last year
Net income: up 14.8% to $14.1 million.
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