Zumiez Inc. (ZUMZ) reported net income for the first quarter of $2.5 million or $0.08 per share, compared to $4.5 million or $0.14 per share in the year-ago quarter.
The latest quarter results include $1.7 million, or $0.05 per share, for charges associated with the acquisition of Blue Tomato, and the results for fiscal 2012 include approximately $0.4 million, or $0.01 per share, of Blue Tomato acquisition charges.
Total net sales for the first quarter increased 14.3% to $148.50 million from $129.90 million a year ago. Same-store sales for the quarter decreased 0.7%.
Analysts polled by Thomson Reuters expected the company to earn $0.12 per share on revenue of $147.66 million for the first quarter. Analysts' estimates typically exclude special items.
Looking forward to the second quarter, the company forecast earnings of $0.12 to $0.14 per share, which includes an estimated about $0.04 per share for charges associated with the acquisition of Blue Tomato. Net sales are expected to be in the range of $155 million to $158 million.
Analysts currently expect the company to earn $0.17 per share on revenue of $156.79 million for the second quarter.
The company currently intends to open 58 new stores in fiscal 2013, including 9 stores in Canada and 6 stores in Europe.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.