Zumiez predicts 2nd-quarter loss

Sports apparel and equipment retailer Zumiez Inc. on Thursday forecast a second-quarter loss greater than analysts predicted.

The company said it expects a loss of 17 cents to 14 cents per share in the second quarter on a same-store sales decline in the low-to-mid 20 percent range. Analysts surveyed by Thomson Reuters, on average, expect a 7 cents per share loss.

The outlook came as the company reported a first-quarter loss of $1.7 million, or 6 cents per share. Revenue fell 2 percent to $76.8 million.

Sales in stores open at least one year, a key retail metric known as same-store sales, fell 15.3 percent.