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ROTH CAPITAL PARTNERS: Zumiez comps exceed estimates.
Details on Industry Insight.
Key industry customer Zumiez reported a 1.1% rise in comp sales in May, with mixed results for key categories such as footwear and men’s.
The company was up against a tough comparison. In May 2012, same store sales rose 13.7%.
Comps by week were:
Categories that comped positive this May include hardgoods, footwear and junior’s.
Negative categories included men’s, boy’s and accessories.
Year to date, Zumiez same store sales are down 0.3%.
The company ended May with 509 stores.