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 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.