Sales fall at Zumiez
24/08/2009
Total net sales for the quarter fell 7.7% to $85.2 million from $92.3 million in the second quarter ended August 2. The company posted a net loss for the quarter of $3.1 million compared with net income of $2.7 million in the prior-year quarter.
Net sales for the first six months fell 5.3% to $162 million from $171 million reported in the first six months of the prior year. The company posted a net loss of $4.7 million compared with net income of $4.1 million in the first six months of the previous fiscal year.
Rick Brooks, chief executive officer, said: "While comparisons do begin to moderate in the back half of the year, we believe it is prudent to remain cautious with regard to our near-term outlook until consumer trends stabilise and visibility improves. That said, we are optimistic about our future growth prospects and the long-term potential of our business."
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