UPDATE 1-Zumiez May same-store sales fall 20.7 pct

Wed Jun 3, 2009 10:28pm BST
 
Email | Print | | Single Page
[-] Text [+]

* May net sales fall 9.6 pct to $23.5 mln

* Analysts expected same-stores sales fall of 20.2 pct

June 3 (Reuters) - Snowboarding gear retailer Zumiez Inc (ZUMZ.O) posted a worse-than-expected 20.7 percent drop in May same-store sales, hurt by lower transactions.

Analysts on average were expecting same-store sales to fall 20.2 percent, according to Thomson Reuters Estimates.

"For the month, all departments posted a decline in same-store sales," finance chief Trevor Lang said on a pre-recorded call.

The company, which is a retailer of action sports-related apparel, footwear, equipment and accessories, said total net sales fell 9.6 percent to about $23.5 million for the four-week period ended May 30.

Shares of the Everett, Washington-based Zumiez closed at $9.88 Wednesday on Nasdaq.

For related alerts double click [ID:nWNAB6337] (Reporting by Renju Jose in Bangalore; Editing by Deepak Kannan)

 

Market Update

  • UKUK
  • USUS
  • Europe
  • Asia
  • UK Most Actives

Most Popular Business News on Reuters UK

  • Articles
  • Videos