Zumiez posts surprising rise
04/09/2008
Snowboarding gear retailer Zumiez has posted a surprise 0.2% rise in August sales at stores open at least a year, sending its share value up.
Analysts, were on average, expecting same-store sales to fall by 3.8%, according to Reuters.
“Footwear, accessories, and boys apparel posted positive comparisons for the month,” Zumiez chief finance officer, Trevor Lang, said in a statement.
The retailer of action-sports-related footwear, equipment, apparel and accessories said total net sales for the four-week period ended August 30 rose 13.1% to $53.2 million.
Zumiez currently operates 330 stores across North America.
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