Zumiez announced Wednesday that holiday sales and merchandise margins came in lower than planned in December.
December same store sales declined 2.4%, and the company lowered its fourth quarter guidance as a result.
Men’s, footwear, boys and hardgoods all reported negative comps, while accessories and junior’s were positive.
The company now expects Q4 sales to range between $226 million and $229 million. Previously, the company had expected sales of $230 million to $237 million.
Earnings per share should range from 56 cents to 59 cents. Previously, the company had expected earnings per share of 60 cents to 66 cents.
Same store sales for Q4 are expected to decline in the low single digits. Previously, Zumiez had forecast same store sales to be down 1% to up 2%.
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