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Zumiez shares up 11% on company's narrower quarterly loss

Shares of Zumiez Inc. ZUMZ, +1.31% surged 11% overdue Thursday after the clothes retailer swung to a narrower-than-expected quarterly loss. Zumiez mentioned it misplaced $2.6 million, or 10 cents a proportion, in the fiscal first quarter, compared with a lack of $4.4 million, or 18 cents a proportion, in the year-ago duration. Sales rose 14% to $206.3 million, from $181.2 million a 12 months ago. Comparable-store gross sales increased eight.3%, compared with a comparable-store gross sales building up of one.eight% a 12 months ago. Analysts polled through FactSet had expected a quarterly lack of 12 cents a proportion on gross sales of $199 million. The company mentioned it expects gross sales between $213 million and $217 million in the second quarter, including expected comparable-store gross sales expansion between 3% and five%. It sees web income per proportion round 4 cents to 9 cents. Shares of Zumiez ended the regular session up 1.3%.