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Article Date: March 2015
Word Count: 490

Zumiez Q4 Strong But Hit By Charges


Net income declined 35% to $17,513,000 compared to $26,851,000 as sales increased 14% to $258,569,000 vs. $226,838,000 for the quarter ended Jan. 31. Comp store sales were up a robust 8.3% this year compared to a 2.2% decline last year with North American sales up 13% to $230.2 million and European sales up 19% to $27.9 million. This year’s results included a $6.9 million charge for Blue Tomato acquisition charges and a $2.3 million amortization charge whereas last year Blue Tomato contributed $5.3 million in similar charges. After reversing its original assumption on the Blue Tomato earnout last year, ZUMZ ... Log in to view full article.

 


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