Zumiez Inc. (ZUMZ) announced that total net sales for the five-week period ended January 2, 2010 increased 7.7% to $77.6 million compared to $72.0 million for the five-week period ended January 3, 2009.
Comparable store sales increased 0.3% for the five-week period.
The company announced that it is increasing its expected sales and earnings guidance for the quarter ending January 30, 2009.
The company now expects fourth-quarter comparable store sales to decline in the mid-to-low single digit range versus its previous expectation for comparable store sales to decline in the high-to-mid single digit range.
The company now expects fourth-quarter net income per share to range between $0.24 to $0.27, up from previously issued guidance of between $0.18 to $0.22.
The company noted that the guidance excludes any potential non-cash impairment charges and an accrual for a previously disclosed lawsuit.
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