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By
Reuters
Published
Jan 10, 2011
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Zumiez Dec same-store sales miss estimates, Hot Topic beats

By
Reuters
Published
Jan 10, 2011

Teen retailer Zumiez Inc posted December same-store sales that missed market estimates for the first time in 8 months, while Hot Topic Inc beat estimates for the crucial holiday season.

Hot Topic, zumiez
Vans; one of the many brands sold by Zumiez

Zumiez, which sells clothing and equipment for skaters, snowboarders and other action sports, reported a 9.2 percent rise in December same-store sales. Analysts were looking for a 11.5 percent rise, according to Thomson Reuters data.

Hot Topic, known for its licensed music and movie apparel and accessories, posted a 1.7 percent fall in December same-store sales, better than a 2.2 percent drop expected by analysts.

Shares of Zumiez, which have fallen 16 percent since the company's third-quarter results in early December, were down 1 percent after the bell. They closed at $26.67 Wednesday on Nasdaq.

Hot Topic's stock, which has been largely flat over the past year, closed at $5.95 Wednesday on Nasdaq.

(Reporting by Mihir Dalal in Bangalore; Editing by Unnikrishnan Nair)

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