Zumiez Inc.’s comparable sales fell 3.3 percent last month, a somewhat smaller decline than analysts, on average, had expected.
Analysts polled by Thomson Reuters projected comps at the Lynnwood, Wash.-based retailer of action sports apparel and equipment to recede 3.6 percent.
Net sales were up 2.6 percent to $67 million during the month.
Chris Work, chief financial officer of the company, said the comp decline was driven by a decrease in comparable transactions, offset by increases in average unit retail and units per transaction. The company’s men’s, footwear, accessories and juniors business each experienced comp declines while the hard goods component of the business was up on a comp basis during the five weeks ended July 4.
Europe, home of Zumiez’s Blue Tomato operation, outperformed stores in North America, Work said.
The company finished the month with a total of 635 stores, including 573 in the U.S., 40 in Canada and 22 in Europe.
Zumiez is the first of the small sample of retailers who report monthly sales on a comparable basis to provide its June figures.