Zumiez profit dips in Q2; on track to open 50 stores in 2012
Lynnwood, Wash. -- Zumiez Inc. reported Thursday that net income for the quarter ended July 28 slipped to $2.1 million, from $2.6 million in the year-ago period, largely due to costs associated with its acquisition of Blue Tomato.
Revenue surged 20.4% to $135.1 million from $112.2 million, which includes contributions from Blue Tomato. Same-store sales increased 9.5%.
The company said it is on track to open 50 new stores in fiscal 2012, including up to 10 stores in Canada.