DALLAS, Nov. 23, 2009 (GLOBE NEWSWIRE) -- InvestorSoup.com announces an investment report featuring Zumiez Inc. (Nasdaq:ZUMZ). The report includes financial, comparative and investment analyses, and pertinent industry information you need to know to make an educated investment decision.
The investment report on Zumiez Inc. (Nasdaq:ZUMZ) should be of particular interest to other apparel retailers: Hot Topic Inc. (Nasdaq:HOTT), Pacific Sunwear of California Inc. (Nasdaq:PSUN) and American Eagle Outfitters (NYSE:AEO).
It is available at: http://www.investorsoup.com/lp/ZUMZ
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Zumiez Inc. (ZUMZ) is a mall-based specialty retailer of action sports related apparel, footwear, equipment and accessories operating under the Zumiez brand name. As of January 31, 2009, the Company operated 343 stores primarily located in shopping malls, giving it a presence in 31 states. ZUMZ's stores cater to young men and women between the ages of 12 and 24 who seek brands representing a lifestyle centered on activities that include skateboarding, surfing, snowboarding, bicycle motocross (BMX) and motocross.
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In the report, the analyst notes:
"Total net sales for the third quarter ended October 31, 2009 increased 0.8% to $113.2 million from $112.2 million reported in the third quarter ended November 1, 2008. The Company posted net income for the quarter of $5.1 million or $0.17 per diluted share versus net income of $6.8 million or $0.23 per diluted share in the third quarter of the prior fiscal year.
"Total net sales for the first nine months ended October 31, 2009, decreased 2.8% to $275.2 million from $283.2 million reported in the first nine months of the prior year. The Company posted net income of $0.3 million or $0.01 per diluted share in the first nine months of fiscal 2009 compared to net income in the first nine months of the prior fiscal year of $10.9 million or $0.37 per diluted share. Results for the first nine months of fiscal 2009 include a charge of approximately $1.3 million, or $0.03 per diluted share, associated with the proposed settlement agreement of a previously disclosed lawsuit."
To read the entire report visit: http://www.investorsoup.com/lp/ZUMZ
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