Zumiez Shares Spike on Sales Numbers
NEW YORK (TheStreet) - Shares of Zumiez
The company's comparable store sales increased 2.1% for the five-week period ending April 6. Thomson Reuters analyst Jharonne Martis-Olivo forecast Zumiez's same-store sales would fall 7.5% during that time. Zumiez' total net sales for the five-week period rose 19.7% to $61 million, the company said.
Comparable store sales for the five-week period ending March 31 rose 14.1% to $50.9 million.
With its focus on skateboarding, snowboarding, surfing, motocross and BMX apparel and accessories, Zumiez competes with other teen active-lifestyle retailers like Pacific Sun
The company has 502 stores, primarily in the U.S., under its two brands, Zumiez and Blue Tomato.
Investors were pleased with the numbers from the Lynnwood, Wash.-based company. Shares were most recently trading at $28.58, up 14.8% over the previous day's closing stock price, on more than triple the average stock volume.
-- Written by Laurie Kulikowski in New York.
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