Zumiez Inc. Announces Fiscal 2020 First Quarter Results
“We came into fiscal 2020 in a strong financial position and the new year was off to a good start with first-quarter sales and earnings tracking ahead of expectations through early-March,” commented Rick Brooks, Chief Executive Officer of Zumiez Inc. “Following the outbreak of COVID-19 we closed all of our stores in accordance with state and local guidelines to protect the health and safety of our customers, employees, and the communities in which we operate."
- Total net sales for the first quarter ended May 2, 2020 (13 weeks) decreased 35.3% to $137.8 million from $212.9 million in the first quarter ended May 4, 2019 (13 weeks)
- We ended the period ending May 30, 2020 with 493 open stores consisting of 432 Zumiez stores in North America
- The Company's total net sales decreased 8.6% for the four-week period ended May 30, 2020
- Comparable store sales for locations opened in May as well as our e-commerce traffic increased 79.6%. By channel, our open store comparable sales were 38.5% and our e-commerce sales were 181.6% in May.