Zumiez April Comps Rise 1.7%
Net Sales Increased 3.7% to $58.6 Million
April 2018 Comparable Sales Increased 1.7%
LYNNWOOD, Wash., May 09, 2018 (GLOBE NEWSWIRE) — Zumiez Inc. (NASDAQ:ZUMZ) a leading specialty retailer of apparel, footwear, equipment and accessories for young men and women, today announced, that total net sales for the four-week period ended May 5, 2018 increased 3.7% to $58.6 million, compared to $56.5 million for the four-week period ended April 29, 2017. The Company’s comparable sales increased 1.7% for the four-week period ended May 5, 2018 compared to a comparable sales increase of 7.8% for the four-week period ended April 29, 2017.
Based on higher than anticipated sales, we now expect our first quarter 2018 operating profit margin to be between negative 1.3% and negative 1.5% of sales, compared to our previous guidance range of negative 1.7% to negative 2.6%. In addition, we believe that earnings per share will be at the high end of our previously disclosed range or slightly better due to the timing and location of income and the associated tax expense.
About Zumiez Inc.
Zumiez is a leading specialty retailer of apparel, footwear, accessories and hardgoods for young men and women who want to express their individuality through the fashion, music, art and culture of action sports, streetwear, and other unique lifestyles. As of May 5, 2018, we operated 700 stores, including 608 in the United States, 50 in Canada, 35 in Europe and 7 in Australia. We operate under the names Zumiez, Blue Tomato and Fast Times. Additionally, we operate ecommerce web sites at zumiez.com, blue-tomato.com and fasttimes.com.au