Zumiez June Same-store Sales Up 3.1%; Boosts Q2 Outlook

(RTTNews) - Zumiez Inc. (ZUMZ) a specialty retailer of action sports related apparel, footwear, equipment and accessories, said Wednesday that its June same-store sales increased 3.1%.

Total net sales for the five-week period ended July 5, 2014 increased 11.1% to $65.3 million from $58.8 million for the five-week period ended July 6, 2013.

Based mainly on better than planned sales results, the company raised its second quarter outlook. The company now expects second quarter sales in the range of $174 million to $176 million and earnings of $0.19 to $0.21. Previously, the company expected sales in the range of $167 million to $171 million and earnings of $0.12 to $0.16 per share.

This guidance is now predicated on a low single digit comparable store sales increase for the second quarter and includes a previously disclosed estimate of $0.6 million, or $0.02 per share, for charges associated with the acquisition of Blue Tomato, Zumiez said.

Analysts polled by Thomson Reuters currently expect the company to earn $0.18 per share on revenue of $171.60 million for the second quarter.