• Q4 profit jumped 22.1% to $22.9m
  • Sales rose 22.1% to $224.4m
  • Comparable store sales slipped 1%

Action sportswear and footwear retailer Zumiez has reported a 22.1% rise in fourth-quarter net profit, boosted by double-digit sales growth - but forecasts a weaker first-quarter performance.

Net income reached US$22.9m for the three months to 2 February, compared to $18.7m the prior year. Net sales also jumped 22.1% to $224.4m from $183.9m the same period last year, while comparable store sales edged down 1%.

"We are pleased with the quality of our fourth-quarter results," said CEO Rick Brooks.

"Our ability to deliver better-than-expected sales and earnings underscores the strength of our business model which is rooted in a diverse branded merchandising strategy, highly differentiated shopping experience, and unique culture."

Looking forward to the first quarter, the company said it expects net sales to range from $141m to $144m, resulting in net income of $0.04 to $0.07 per share, down from the $0.74 it reported in the fourth quarter.

It plans to open around 60 new stores in fiscal 2013, including up to ten in Canada and six in Europe.