Zumiez, which sells surf- and skate-inspired clothing and equipment, said Thursday that revenue at stores open at least a year slipped 1 percent last month. Analysts on Wall Street expected a bigger drop, and the company’s stock price rose.
Analysts, on average, predicted that revenue at stores open a year would fall 3.6 percent in December, according to Thomson Reuters.
Revenue from stores open at least a year is a key indicator of a retailer’s health because it excludes results from stores recently opened or closed.
The company, which operates 502 stores and the Zumiez.com and Blue-Tomato.com online stores, said that total sales for the five weeks ending Dec. 29 jumped 15 percent to $120.3 million.
- Seahawks agree to contract extension with quarterback Russell Wilson
- Dustin Ackley trade symbolizes continuing dark days of Mariners
- Surviving Seattle’s sidewalks: Pedestrian rage rises as the population grows
- Mariners trade Mark Lowe to the Blue Jays for three minor leaguers
- Seahawks linebacker Bobby Wagner on contract talks: 'Now. That's my deadline'
Most Read Stories
Shares of Zumiez rose $1.87 or 9.6 percent, to $21.37 in late trading Thursday.