Zumiez reported its comparable store sales increased 21.5% for the four-week period ended October 31, versus a comp decrease of 8.9% in the year ago period. Overall sales for the four-week period increased 27.3% to $31.4 million, compared to $24.7 million a year ago. The company has also raised its guidance and expects fiscal 2010 third quarter net income per diluted share of approximately $o.36-$0.37, compared to a previously issued guidance of approximately $0.28-$0.30.Rick Brooks, Chief Executive Officer of Zumiez, stated, “Our business has performed well all year and accelerated during the third quarter. The strong sales and margin trends we experienced through September improved in October driven by compelling product and great sales teams. We saw sales increases in all departments and in all regions across the U.S. We are encouraged by the strength of our results and our recent performance confirms our optimism about the long-term prospects of our business. However, as we plan the important fourth quarter and fiscal 2011 we will continue to be cautious reflecting the continuing economic challenges.”
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