Zumiez continued its string of impressive same-store sales gains, posting a 10.7% increase in June on top of a 9.0% increase in the year-ago period. The gain was attributed to a mid-single-digit increase in comp store transactions and a mid-single-digit increase in average unit retail. Total net sales for June increased 29.4% to $15.3 million, compared to $11.8 million last year.
ZUMZ said that womens apparel was the strongest positive contributor for the month, with mens, footwear, and accessory comps also described as “strong.” Hardgoods had a “slight increase” for the month.
The recently-anointed public entity took its strong month to the bank last week as ZUMZ shares rose 7.7% to close at $31.36 on Friday.
In other board sports news, Volcom closed its public offering early last week with roughly $86 million raised in the process. The company sold 4,687,500 shares of common stock at a price of $19.00 per share and at the same time, the underwriters – Wachovia Capital Markets, LLC, D.A. Davidson & Co. and Piper Jaffray & Co. – exercised their over-allotment option to purchase an additional 703,125 shares of common stock at the initial public offering price.