Sales are going better than expected at Zumiez, leading the important industry customer to raise its Q2 earnings guidance.
June was a particularly good month, with same-store sales rising 5.3% driven by strength in men’s and junior’s.
Hardgoods, accessories and footwear remain challenging.
The company now expects Q2 sales to range from $189 million to $191 million vs. the previous estimate of $185 million to $189 million.
Zumiez also predicts a smaller net loss than originally anticipated. Net loss per share should range from 6 cents to 8 cents vs. the previous estimate of 6 cents to 11 cents.
Year-to-date, Zumiez same-store sales are up 2.9%.
Zumiez currently operates 692 stores.