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Zumiez December sales increase 14.4 percent

By Prachi Singh

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Zumiez has announced that its total net sales for the five-week period ended January 3, 2015 increased 14.4 percent to 143.4 million dollars, compared to 125.3 million dollars for the five-week period ended January 4, 2014. The company's comparable sales increased 8 percent during the period under review compared to a comparable sales decrease of 2.4 percent, same month, last year.

Based primarily on higher than planned sales quarter-to-date and to a lesser extent better product margins, partially offset by foreign currency headwinds, the company is raising its guidance and now expects fiscal 2014 fourth quarter net sales in the range of 255 dollars to 256 million dollars and net income per diluted share of approximately 0.75 dollars to 0.77 dollars, an increase from the previously issued guidance of net sales in the range of 249 dollars to 251 million dollars and net income per diluted share of approximately 0.69 dollars to 0.72 dollars.

This guidance is now predicated by the company on a comparable sales increase of approximately 7 percent for the fourth quarter and includes a previously disclosed estimate of 0.6 million dollars, or approximately 0.02 dollars per diluted share, for charges associated with the acquisition of Blue Tomato.

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