Zumiez Q2 Net Income Rises on Expansion

Zumiez

Zumiez saw second-quarter net income surge on the back of expansion.

The company said that net income rose to $4.7 million over the quarter ending July 28 compared to net income of $2.1 million.

Net sales jumped 16.9% over the period to $157.9 million as comparable sales rose 0.9%.

“We are pleased with our second quarter earnings results in what proved to be a challenging retail environment, said CEO Rick Brooks.

“We believe we have compelling merchandise assortments and our efforts to enhance our omni-channel capabilities are yielding positive gains. With significant expansion opportunities still ahead of us, we continue to invest in our people and infrastructure in order to best position the company to deliver sustainable sales and earnings growth and shareholder value for years to come.”

The company acquired Austrian sportswear retailer Blue Tomato last year and said it plans to open 58 new stores this fiscal year.

Over the six-month period net income reached $7.2 million against $6.6 million. Sales increased 15.6% to $306.4 million on a 0.2% comparable sale rise.

During August, sales increased 14.3% to $85.9 million, on a 3% comparable store sales increase.

For more fashion and apparel industry news, go to just-style.com

Share / Print

  • Facebook
  • Twitter
  • Digg
  • StumbleUpon
  • del.icio.us
  • Yahoo! Buzz
  • Print