Zumiez December sales may top expectations, says William Blair William Blair believes stronger snow conditions in the Pacific Northwest and decent holiday sell-through could bring Zumiez's December sales modestly above expectations. The firm raised its December comp estimate to down 2.5% to down 3.5% from down 4% and keeps an Outperform rating on the stock.
News For ZUMZ From The Last 14 Days
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Zumiez pops after same store sales, upgrade The stock is up over 5% at time of writing to $26.29 following same store sales reported after the close yesterday and an upgrade to Buy at DA Davidson. The current price action, a gap up in price this morning and a "line" across the chart today in a narrow range suggests a short-squeeze may be in progress. Over 8.5% of the float was short as of the last available report. Resistance is at $27.29. Support is at $25.64.
Zumiez reports March SSS down 2.9% Zumiez announced that total net sales for the five-week period ended April 5 increased 4.3% to $63.6M. The company's comparable store sales decreased 2.9% for the five-week period.