Zumiez reports record year as sales surge 20%
15/03/2013
Sales for the fourth quarter increased 22.1% to $224.4 million. Net income increased 22.1% to $22.9 million.
Sales for fiscal 2012 (ending February 28, 2013) increased 20.4% to $669.4 million from $555.9 million the year before. Net income increased 12.9% to $42.2 million.
The results for the year include $900,000 step-up costs associated with the acquisition of snowboard brand Blue Tomato.
Of the 60 new stores planned for 2013, 10 will be in Canada and six in Europe. It currently operates 501 stores: 472 in the US, 21 in Canada and eight in Europe.
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