Zumiez’s March sales were better than Street projections, with comps down 2.9% against a 2.1% year-ago comparison, better than our and consensus projection for a midsingle-digit decline. As a result, Zumiez’s quarter-to-date comp decline of 0.8% is at the better end of management’s guidance for a full-quarter comp decrease in the low-single-digit range. Category trends…
Urban Outfitters Quarter-to-Date Comps on Track Versus Expectations
In its 10-K filed after the markets closed on Tuesday, Urban Outfitters indicated quarter-to-date comp trends are in the negative low-single-digit range, likely putting the company on track to meet full-quarter consensus expectations for an approximate 1% comp increase and our estimate of relatively flat given the shift in Easter to late April. Urban’s 10-K…