Zumiez comparable sales decline 7.6 percent in July

Zumiez has announced that total net sales for the four-week period ended August 1, 2015 decreased 2.3 percent to 61.4 million dollars, compared to 62.8 million dollars for the four-week period ended August 2, 2014. The company's comparable sales decreased 7.6 percent for the month against comparable sales increase of 3.5 percent in the year ago period.

Commenting on the results, Rick Brooks, Chief Executive Officer of Zumiez, stated, “While our second quarter comparable sales decrease of 4.5 percent was within our guidance range, we did experience greater than anticipated pressure as we moved through the month from both a sales perspective with the shift in Labor Day and related sales tax holidays as well as on product margin from higher promotional activity to clear seasonal inventory. Due to these factors we now expect our second quarter diluted earnings per Share to be slightly below our previous announced guidance of 0.12 dollar.”

Zumiez plans to report financial results for the quarter ending August 1, 2015and August comparable sales for the four-week period ending August 29, 2015 on September 10, 2015.