NEW YORK (TheStreet) -- Shares of Zumiez(ZUMZ) - Get Report are falling by 5.05% to $14.30 on heavy trading volume late Friday morning, after the company reported a 2016 first quarter loss and disappointing same-store sales.

After yesterday's market close, the retailer reported an adjusted loss of 8 cents per share vs. adjusted earnings of 9 cents per share a year ago. The loss was nonetheless narrower than the 11 cents per share forecast by analysts.

Revenue declined by 2.6% year-over-year to $173 million, but beat analysts' estimates for $172.6 million.

Comparable-store sales fell by 7.5% for the quarter vs. a 3% gain in the year-ago period.

Additionally, Zumiez reported its 14th straight month of negative comparable-store sales for May. Same-store sales were down 7.6% for the month, compared to a 2.2% drop a year ago.

For the current quarter, Zumiez expects to report a loss between 9 and 13 cents per share on revenue between $172 million and $176 million. Analysts are looking for earnings of 5 cents per share on $180.63 million in revenue.

Separately, TheStreet Ratings team rates the stock as a "hold" with a ratings score of C.

Zumiez's strengths such as its largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and disappointing return on equity.

You can view the full analysis from the report here: ZUMZ

TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this article's author.

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