• Q2 profit down 19.5% to $2.1m
  • Net sales up 6.4% to $3.8m
  • Company expects Q3 net sales of $181-$185m

US sportswear retailer Zumiez has booked a 19.5% decline in second-quarter net profit after acquisition costs offset higher sales.

Net income reached US$2.1m for the three months ended 28 July, compared to $2.6m the same period last year. 

This was primarily due to Blue Tomato acquisition costs and operations worth $2.5m, the company said, as well costs related to the relocation of its e-commerce fulfilment centre and corporate offices.

Operating income climbed 6.4% to $3.8m. Net sales increased 20.4% to $135.1m, while comparable store sales rose 9.5%.

CEO Rick Brooks said: "The second quarter was a productive and transformational period for our company. We continued to expand our North American footprint while at the same time driving a high single digit comparable sales gain."

Looking forward, the company expects net income per diluted share to be between $0.42 to $0.45 and net sales to range from $181m to $185m for the third quarter. It also expects to open 50 new stores in fiscal 2012, including up to ten stores in Canada.