Zumiez December sales, while still down, were not as bad as expected and the company raised its Q4 guidance Wednesday.
The industry customer said same-store sales fell 8.9% in December.
For all of Q4, the company had previously forecasted a 14% to 16% decline in same-store sales. Now, the company has raised that outlook to an 11% decline.
Business was still quite tough in December, with every major category negative, including accessories, men’s, junior’s, footwear and hardgoods.
As a result of the better-than-expected sales, the company raised its Q4 guidance, and now expects Q4 sales to range from $237 million to $239 million. Previously, the company had forecasted sales of $226 million to $231 million.
Q4 earnings per share are now expected to be 45 cents to 47 cents. Previously, the company had forecasted 40 cents to 46 cents.
