Zumiez reported better than expected same store sales in March, with the key metric rising 2.1%.
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Zumiez’s stock price increased more than 8% to $27.01 in after hours trading after it released its monthly sales report.
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The company said March and April should be looked at holistically because of the Easter shift. However, it expected the shift to hurt March and to help April results.
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Sales by week were:
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1. +1.9%
2. -0.2%
3. +1.1%
4. +21.4%
5. -11.5%
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Strong categories included junior’s and hardgoods.
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Weak categories were boys, men’s, accessories and footwear.
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Quarter to date, Zumiez’s same store sales declined 2.7%.
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