September sales turned out better than expected for important industry customer Zumiez, the company reported this afternoon. As a result, the company raised its earnings guidance for the third quarter.
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Zumiez said same store sales in September rose 10.1%. In September 2010, same store sales increased 17%.
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This year during the key back-to-school months of August and September combined, Zumiez’s same store sales increased 6.8%.
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Comp sales by week in September were:
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1. +9.6%
2. +12.6%
3. + 8.9%
4. +11.5%
5. +6.9%
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The dollars per transactions rose, while the number of transactions decreased.
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Strong categories: Men’s, Footwear, Junior’s, Accessories, Boys
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Weak category: hardgoods
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Year-to-date same store sales: + 8.8%
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Total stores: 436
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Because of stronger than expected sales, Zumiez now expects third quarter sales of $150 million to $152 million and net income per diluted share of 40 cents to 41 cents, up from the previous guidance of 37 cents to 39 cents.
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