Zumiez Q4 profit nearly doubles, to open 44 stores

Everett, Wash. -- Zumiez reported Thursday that net income for the quarter ended Jan. 29 almost doubled to $15 million, compared with net income of $8.8 million in the year-ago period.



Sales increased 17.9% to $156.2 million, from $132.4 million. Same-store sales increased 13 %.



For the full year, sales rose 17.5% to $478.8 million, from $407.6 million. Profit rose to $24.2 million, from $9.1 million in fiscal 2009.



Same-store sales increased 11.9% in fiscal 2010.



Zumiez said it plans to open approximately 44 new stores in fiscal 2011, including its first stores in Canada.