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Zumiez Shares Spike on Sales Numbers

Tickers in this article: HOTT PSUN ZUMZ

NEW YORK (TheStreet) - Shares of Zumiez , the action-sport apparel and accessory retailer, spiked more than 14% on Thursday, following its release of March same-store sales numbers that considerably beat the analyst estimates.

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 and Hot Topic .

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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