UPDATE 1-Zumiez May same-store sales fall 20.7 pct
* 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)
© Thomson Reuters 2009 All rights reserved.



UK
US