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Zumiez Reports Sales For Nine-Week Period Ended Jan. 1 Increased 9% YoY


Benzinga | Jan 10, 2022 07:54AM EST

Zumiez Reports Sales For Nine-Week Period Ended Jan. 1 Increased 9% YoY

LYNNWOOD, Wash., Jan. 10, 2022 (GLOBE NEWSWIRE) -- Zumiez Inc. (NASDAQ:ZUMZ) a leading specialty retailer of apparel, footwear, equipment and accessories for young men and women, today announced that the Company's total net sales increased 9.0% for the nine-week period ended January 1, 2022 compared to the nine-week period ended January 2, 2021. During the same period comparable sales increased 6.0%. Total net sales compared to 2019 increased 6.6% for the nine-week period ended January 1, 2022 compared to the nine-week period ended January 4, 2020. Our stores were open approximately 97% of the available days during this period in 2021 compared to approximately 96% in the same period of 2020 and 100% in 2019 respectively.

From a regional perspective, quarter-to-date North America net sales increased 5.1%. Other international net sales, which consists of Europe and Australia, increased 36.6% despite continued closures and challenges associated with the pandemic. Excluding the impact of foreign currency translation, North America net sales increased 5.0% and other international net sales increased 44.5% for the nine-week period compared to the prior year.



During the nine-week period, the Mens category provided our largest comparable sales increase followed by Footwear, Accessories and Womens. Hardgoods was our only negative comping category.



The Company continues to expect year-over year total net sales growth for the full fourth quarter to be below the quarter-to-date trends based upon the benefits of stimulus in January of the prior year and the ongoing impact of the COVID 19 pandemic. The Company is also reiterating projected year-over-year net sales growth for the full-year fiscal 2021 to be just over 20%.



Rick Brooks, Chief Executive Officer of Zumiez Inc., stated, "Our teams continue to perform very well under difficult retail conditions. Our 2021 holiday sales pattern resembled pre-pandemic seasons with volume focused around peak periods and a strong return to physical shopping providing our customers human to human experiences with our best in class sales teams. We are on track for record annual results and believe we have built a model that can continue to drive long-term shareholder value."






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