Zumiez Q4 profit up 22%; 60 new stores planned for 2013
Lynwood, Wash. — Zumiez Inc. said Thursday its fiscal fourth quarter net income rose 22.1% to $22.9 million on improved sales.
Revenue for the quarter, ended Feb.2, (14 weeks) increased to $224.4 million from $183.9 million in the year-ago period (13 weeks). Same-store sales fell 1%.
Zumiez said it plans to open about 60 new stores in the current fiscal year, including up to 10 stores in Canada and six stores in Europe.
Zumiez said its net income rose 13% in 2012, to $42.2 million. Revenue rose 29%, to $669.4 million from $555.9 million.
Hibbett Sports Q4 income up 22%; to open 65 to 70 stores
Birmingham, Ala. — Hibbett Sports reported that net income for its fiscal fourth quarter increased a better-than-expected 22.3% to $19.4 million, compared with $15.8 million for the same period last year.
Net sales for the fourth quarter increased 14% to $217.4 million from $190.7 million in the year ago period. Same-store sales increased 4.9%.
Looking ahead, in its current fiscal year, the company expects to open 65 to 70 new stores, expand approximately 18 high-performing stores and close 15 to 20 stores.
Net sales for fiscal 2013 increased 11.8% to $818.7 million, compared with $732.6 million for fiscal 2012. Same-store sales increased 6.9% on a 52-week to 52-week period.
Net income for the year increased 22.9% to $72.6 million, compared with $59.1 million for the same period last year.
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Aeropostale posts Q4 loss; will open 60 kids stores in 2013
New York — Aeropostale Inc. reported an unexpected loss for its fourth quarter, hurt by declining same-store sales and store asset impairment charges. The teen apparel chain also forecast a loss for the current quarter, citing markdowns and a weak economy.
"We anticipate a challenging first quarter as a result of expected margin pressures from holiday carryover inventory, and the impact of a weak macroeconomic environment,” said Aeropostale CEO Thomas Johnson.
For the 14 weeks ended Feb. 2, Aeropostale reported a net loss of $671,000, compared with a profit of $26.1 million for the year-earlier period, which included one less week.
Revenue dropped 1% to $797.7 million. Same-store sales, including e-commerce revenue, fell 8%.
Looking ahead, in fiscal 2013, the retailer plans to open approximately 14 Aeropostale stores, approximately 60 P.S. from Aeropostale stores, remodel approximately 30 stores, and close approximately 15 to 20 Aeropostale stores. The company expects to invest approximately $89.0 million in its store growth and certain information technology, compared to approximately $72.3 million in fiscal 2012.
Net sales for fiscal 2012 increased 2% to $2.386 billion, from $2.342 billion in the year ago period. Fiscal 2012 comparable sales, including the e-commerce channel, decreased 2% compared to an 8% decrease for the comparable 53-week period of the prior year. Fiscal 2012 comparable store sales, excluding the e-commerce channel, decreased 4%, compared to a decrease of 9% for the comparable 53-week period of the prior year.