Zumiez reports strong April, better than forecast Q1

Zumiez's April and first quarter same store sales results sent its stock price up double digits in trading this morning. We have details about what performed well.
Published: May 7, 2014

Zumiez reported strong results in April, with same-store sales rising 8.2%.

Sales were boosted by Easter moving into April this year, while last year Easter fell in March.

March and April same store sales combined grew 1.7% this year, the company said.

Categories that performed well in April included accessories, hardgoods, men’s and junior’s.

Footwear and boy’s underperformed.

For the first quarter, Zumiez same-store sales rose 1.8%, better than the low single digit decline the company had previously forecast.

The stock market liked Zumiez’s same-store sales results. The company’s stock is up nearly 13% to $28.06 this morning.

Zumiez operated 558 stores as of May 3, including 515 in the U.S., 29 in Canada and 14 in Europe.

 

Strategy & Planning Series
Strategy & Planning Series
Strategy & Planning Series
Strategy & Planning Series