Net Sales Decreased 1.7% to $23.8 Million
April 2009 Comparable Store Sales Decreased 13.8%
Zumiez Inc. (NASDAQ: ZUMZ) a leading specialty retailer of action sports
related apparel, footwear, equipment and accessories, today announced
that total net sales for the four-week period ended May 2, 2009
decreased 1.7% to $23.8 million, compared to $24.2 million for the
four-week period ended May 3, 2008. The company's comparable store sales
decreased 13.8% for the four-week period, versus a comparable store
sales increase of 4.1% in the year ago period. Comparable store sales
for the first fiscal quarter of 2009 decreased 15.3% vs. a decrease of
0.8% for the first quarter of 2008.
Based primarily on better than expected sales and margins for the first
quarter, the Company expects diluted loss per share to be ($0.09) to
($0.08) compared to the previously announced diluted loss per share
guidance range of ($0.17) to ($0.13) for the fiscal quarter ending May
2, 2009.
To hear the Zumiez prerecorded April sales message, please dial (585)
295-6795 (no passcode is required).
Safe Harbor Statement
Certain statements in this press release and oral statements relating
thereto made from time to time by representatives of the company may
constitute forward-looking statements for purposes of the safe harbor
provisions under the Private Securities Litigation Reform Act of 1995.
These statements include, without limitation, predictions and guidance
relating to the company's future financial performance, brand and
product category diversity, ability to adjust product mix, integration
of acquired businesses, growing customer demand for our products and new
store openings. In some cases, you can identify forward-looking
statements by terminology such as, "may," "should," "expects," "plans,"
"anticipates," "believes," "estimates," "predicts," "potential,"
"continue," or the negative of these terms or other comparable
terminology. These forward-looking statements are based on management's
current expectations but they involve a number of risks and
uncertainties. Actual results and the timing of events could differ
materially from those anticipated in the forward-looking statements as a
result of risks and uncertainties, which include, without limitation,
those described in the company’s quarterly report on Form 10-K for the
year ended January 31, 2009 as filed with the Securities and Exchange
Commission and available at www.sec.gov.
You are urged to consider these factors carefully in evaluating the
forward-looking statements herein and are cautioned not to place undue
reliance on such forward-looking statements, which are qualified in
their entirety by this cautionary statement. The forward-looking
statements speak only as of the date on which they are made and the
company undertakes no obligation to publicly update such forward-looking
statements to reflect subsequent events or circumstances.
About Zumiez Inc.
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 May 2, 2009 we operate 358
stores, which are primarily located in shopping malls and our web site
address is www.zumiez.com.
Zumiez Inc.
Trevor Lang, 425-551-1500, ext. 1564
Chief
Financial Officer
or
Investors:
ICR
Chad
Jacobs/Brendon Frey, 203-682-8200
