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Article Date: December 2018
Word Count: 513

Zumiez Grows in Q3 and Has Strong Start to Q4


Net income increased 16% to $13,823,000 from $11,922,000 in the third quarter ended Nov. 3 and sales inched up 1% to $248,795,000 from $245,756,000 despite the loss of a high-volume week from the retail calendar shift that cost the top line about $9.6 million. Comp store sales expanded 4.8% lapping a 7.9% increase last year, driven by increases in transaction volume and dollars per transaction from higher AURs, partially offset by lower units per transaction. Aug. started strong at +9.5%, but then Sep. weakened to +1.2% and Oct. came in at +1.6%. E-commerce comps were ahead of brick-and-mortar comps, but ... Log in to view full article.

 


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