Zumiez Q4 profit up 22%; 60 new stores planned for 2013
Lynwood, Wash. -- Zumiez Inc. said Thursday its fiscal fourth quarter net income rose 22.1% to $22.9 million on improved sales.
Revenue for the quarter, ended Feb.2, (14 weeks) increased to $224.4 million from $183.9 million in the year-ago period (13 weeks). Same-store sales fell 1%.
Zumiez said it plans to open about 60 new stores in the current fiscal year, including up to 10 stores in Canada and six stores in Europe.
Zumiez said its net income rose 13% in 2012, to $42.2 million. Revenue rose 29%, to $669.4 million from $555.9 million.