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Article Date: March 2019
Word Count: 456

Zumiez Finishes 2018 with Strong Holiday Profits


Net income in the important Holiday quarter ended Feb. 2 was up 49% to $29,612,000 from $19,936,000 despite comping against the 14th week last year that pulled sales down 1% to $304,564,000 from $308,245,000 with $12.6 million of lost sales attributed to the extra week. Comparable sales for the same 13 weeks gained 3.9%. The results this year included a $4.3 million benefit from the Tax Act, while the previous year included $3.8 million in deferred revenue recognition for the STASH loyalty program and $2.9 million on one-time tax charges. Gross margin expanded 20 basis points to 37.4% consisting of ... Log in to view full article.

 


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