Zumiez FY14 net sales up 12 percent

Total net sales at Zumiez for the fourth quarter ended January 31, 2015 increased 14 percent to 258.6 million dollars from 226.8 million dollars in the quarter ended February 1, 2014. Total net sales for fiscal 2014 increased 12 percent to 811.6 million dollars from 724.3 million dollars in fiscal 2013.

Comparable sales for the 13-week period increased 8.3 percent compared to a 2.2 percent, same quarter, last year. Net income in the fourth quarter of fiscal 2014 decreased 34.8 percent to 17.5 million dollars, or 0.60 dollars per diluted share. Comparable sales for the 52-week period ended January 31, 2015 increased 4.6 percent compared to a 0.3 percent decrease for the 52-week period ended February 1, 2014. Net income in fiscal 2014 decreased 6 percent to 43.2 million dollars, or 1.47 dollars per diluted share compared to net income in the prior fiscal year of 45.9 million dollars, or 1.52 dollars per diluted share.

The company, for the three months ending May 2, 2015 expects net sales in the range of 176 dollars to 178 million dollars resulting in net income per diluted share of approximately 0.08 dollar to 0.10 dollars, which includes an estimated 1.1 million dollars for charges associated with the acquisition of Blue Tomato. This guidance is based on an anticipated comparable sales increase in the range of 3 percent to 4 percent for the first quarter of fiscal 2015. The company currently intends to open approximately 57 new stores in fiscal 2015, including up to 7 stores in Canada and 6 stores in Europe.