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ROTH CAPITAL PARTNERS: Zumiez comps exceed estimates.
Details on Industry Insight.
Zumiez reported robust sales for the five weeks ended April 3, with every region of the country logging positive comps.
Total same store sales rose 13.2%. In March of 2009, same store sales declined 17.9%.
Total sales rose 20.1%, and results were favorably impacted by the early Easter.
Quarter to date, Zumiez same store sales are up 12.3%
1. up 11.6%
2. up 8.8%
3. up 8.6%
4. up 8.3%
5. up 28.3%
The comp gains were mostly driven by an increase in transactions, suggesting mall traffic is improving.
West: up 13%
Northeast: up 12%
South: up 10%
Midwest: up 9%
Several categories recorded positive comps, including men’s, accessories, footwear and boys.
Hardgoods and juniors were negative.
Zumiez operates 377 stores around the country.