Zumiez announces record Q4 results

17/03/2006

US specialty retailer of action sports related apparel, footwear, equipment and accessories Zumiez Inc. has posted record results for the fourth quarter of 2005

Zumiez Inc. (NASDAQ: ZUMZ) today reported results for the fourth quarter and ended January 28, 2006.

Total net sales for the fourth quarter increased by 42.3% to $75.4 million from the $53 million reported in the fourth quarter of the prior fiscal year. The company posted net income for the quarter of $6.8 million versus $4.2 million in the corresponding period of 2004. Comparable store sales increased 20.7% for the compared with 12.5% in the fourth quarter of fiscal 2004.

On a full year basis, total net sales increased by 33.9% to $205.6 million from $153.6 million reported in the prior year. The company posted net income of $12.9 million in fiscal 2005 versus $7.3 million in the prior year. Comparable store sales increased 14.2% compared with 9.6% in fiscal 2004.

Zumiez caters to young men and women between ages 12-24, focusing on skateboarding, surfing, snowboarding, motocross and BMX.