Zumiez January comparable sales increase 6.3%
Zumiez announced that total net sales for the five-week period ended February 3, 2018 increased 33.6% to $66.0M, compared to $49.4M for the four-week period ended January 28, 2017. Excluding the impact of the 53rd week in fiscal 2018, total net sales in January increased 12.8% from the prior year. The company's comparable sales increased 6.3% for the five-week period ended February 3, 2018 compared to the five-week period ended February 4, 2017. In the prior year comparable sales increased 9.4% for the four-week period ended January 28, 2017. Based on slightly higher than expected sales, the company now expects Q4 EPS to be toward the high-end of it most recent guidance range of 88c-90c, which excludes any potential impact of recently passed tax reform. Due to the calendar shift related to the 53rd week, Zumiez plans to report February 2018 sales and Q4 results on March 15, 2018.