Zumiez Crushes July, Raises Guidance
Zumiez recorded stellar numbered in July.
Comparable sales rose 9.1% during the month ended Aug. 4 – and that’s on top of a 5.1% increase during the same month last year.
Because both sales and product margins were better than expected, the company raised its earnings guidance for the quarter. Zumiez now expects earnings per share to range from 13 cents to 14 cents vs. the previous forecast of 4 cents to 9 cents.
Both the average number of transactions and dollars per transaction increased.
Nearly every category recorded positive results.
Men’s was the top performer, followed in order by footwear, women’s, and accessories.
Sales of hardgoods were soft, however.
Quarter-to-date, comp sales are up 6.3%.
Year-to-date, comp sales are up 7.2%.
Zumiez operates 703 stores.