In a pre-recorded call today Zumiez Inc reported a “wider-than-expected 3.4 percent fall in June sales at stores open at least a year.” This sent the stock down eight percent.
Footwear and skate hard goods posted positive comps for the month, offset by negative comps in accessories, juniors, men’s and boys apparel,” Zumiez CFO Trevor Lang said in a pre-recorded call.
The good news: total sales were up 10.2 percent to $34.7 million.
[Link: Reuters]
