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Zumiez sees net sales, comps climb in March


Zumiez’snet and same-store sales were on the rise in March.

The teen retailer’s total net sales for the five-week period ended April 1, 2017, increased 4.3% to $71.7 million, compared to $68.8 million for the five-week period ended April 2, 2016.

Meanwhile, same-store sales increased 1.1% for the period, compared to a 7.8% decline for the five weeks ended Apr 2, 2016.

Analysts continue to monitor the chain’s performance, and expect Zumiez’s focus on omnichannel growth, authentic lifestyle positioning and commitment to customer service position bode well, according to Zacks.

Despite these gains, the chain projects a loss of between 17 and 21 cents per share for the first quarter, a factor that has prompted analysts surveyed by Zacks to lower earnings estimates for fiscal 2017 by 11.3% to $1.02 per share.
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