By Robert Daniel
TEL AVIV (MarketWatch) — Zumiez Inc.,ZUMZ +4.55% the Everett, Wash., sports retailer, updated its fiscal-second-quarter outlook and definitively agreed to acquire Blue Tomato, the Schladming, Austria, sports retailer, for €59.5 million ($75 million). Zumiez also will pay up to €22.1 million if Blue Tomato hits certain targets over three years. Blue Tomato operates five stores in Austria and has a website available in 14 languages, Zumiez said in a Tuesday statement. For the year ended April 30, Blue Tomato earned €3.5 million as sales rose 27% to €29.4 million. About three-quarters of the sales were generated online. Zumiez now expects to earn US$0.04 to US$0.06 a share in the second quarter, including acquisition costs. Its previous estimate was the same, but excluding the acquisition. The estimate assumes that same-store sales will rise 8% to 10%. And it assumes certain U.S. relocation costs of US$0.03 a share and costs tied to the acquisition of US$0.05 a share. A survey of analysts by FactSet Research produced a consensus estimate of profit of US$0.10 a share for Zumiez.