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Wow, Zumiez!

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  • Photo by SES

Zumiez appears to be pulling away from the retail pack.

The company’s comparable sales jumped 9.3% in September, making it a clear winner for the key back-to-school season.

And Zumiez was up against a tough comparison. Comp sales increased 6.3% in September of 2016.

Men’s and junior’s posted positive results, while accessories, footwear and hardgoods were negative.

Quarter-to-date, the company’s comp sales are up 8.3%.

Year-to-date, comps are 4.9% higher.

Because of stronger-than-expected sales, Zumiez raised its guidance for Q3. The company now expects sales of $241 million to $243 million vs. the previous forecast of $236 million to $241 million.

The company also tightened its earnings guidance range to 45 cents to 48 cents per share vs. the previous outlook of 43 cents to 48 cents.

 

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