Zumiez Q2 sales up 15%
US apparel and footwear retailer Zumiez has reported results for the second quarter ended July 30, 2011.
Total net sales for the second quarter ended July 30, 2011 increased 14.9% to $112.2 million. Comparable store sales for the second quarter of fiscal 2011 increased 7.5% on top of an increase of 9.3% for the second quarter of fiscal 2010. The company posted net income for the quarter of $2.6 million compared to a net loss of $1.2 million. The results for the second quarter 2010 include costs of $1 million, associated with the relocation of the company’s distribution centre to Corona, California.
Rick Brooks, CEO of Zumiez: “We are pleased with the sales and earnings growth we delivered for the quarter. Our merchandise and expansion strategies are driving improvements across our business and are continuing to strengthen Zumiez’s position as an action sports retailer. We remain optimistic that our diverse product offering, compelling mix of brands, and commitment to customer service will distinguish our concept further from the promotional competition and provide us with strategic advantages during the key upcoming selling seasons.”
