News Release
<< Back
Net Sales Increased3.7% to $58.6 Million
April 2018Comparable Sales Increased 1.7%
Based on higher than anticipated sales, we now expect our first quarter 2018 operating profit margin to be between negative 1.3% and negative 1.5% of sales, compared to our previous guidance range of negative 1.7% to negative 2.6%. In addition, we believe that earnings per share will be at the high end of our previously disclosed range or slightly better due to the timing and location of income and the associated tax expense.
To hear the
About
Safe Harbor Statement
Certain statements in this press release and oral statements relating thereto made from time to time by representatives of the Company may constitute forward-looking statements for purposes of the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. These statements include, without limitation, predictions and guidance relating to the Company's future financial performance, brand and product category diversity, ability to adjust product mix, integration of acquired businesses, growing customer demand for our products and new store openings. In some cases, you can identify forward-looking statements by terminology such as, "may," "should," "expects," "plans," "anticipates," "believes," "estimates," "predicts," "potential," "continue," or the negative of these terms or other comparable terminology. These forward-looking statements are based on management's current expectations but they involve a number of risks and uncertainties. Actual results and the timing of events could differ materially from those anticipated in the forward-looking statements as a result of risks and uncertainties, which include, without limitation, those described in the Company’s annual report on Form 10-K for the fiscal year ended
Company Contact:
Director of Finance &
Investor Relations
(425) 551-1500, ext. 1337
Investor Contact:
ICR
(203) 682-8200
Source: Zumiez Inc