The company posted net income for the quarter of $6.8 million, or 47 cents per diluted share, versus net income of $4.2 million or 32 cents per diluted share in the fourth quarter of the previous fiscal year. Comparable store sales increased 20.7% for the fourth quarter on top of an increase of 12.5% in the fourth quarter of fiscal 2004.
The numbers were equally dramatic for the entire year. The company posted net income of $12.9 million, about 94 cents per share, against $7.3 million or 56 cents per diluted share the year before. At the same time, comparable store sales increased 14.2% for the year.
Zumiez recorded dramatic gains on the sales side too, with total net sales for the fourth quarter rising 42.3% to $75.4 million from $53 million reported in the fourth quarter of the previous year. On a full-year basis, total net sales increased by 33.9% to $205.6 million from $153.6 million.
Zumiez opened 35 new stores in 2005 and plans to open 42 new stores this year. Brooks says that Zumiez strives to create "the feel of an independent action sports shop to the mall."
Commenting on the stock split, Brooks said that it is intended to make Zumiez shares more accessible and to increase the company's shareholder base. The company had 13.6 million shares of common stock outstanding as of March 14.
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