Clothing seller Zumiez Inc. said Wednesday that October revenue at its stores that have been open at least a year rose 21.5 percent, prompting it to raise its third-quarter outlook well above analyst estimates.
Analysts expected a rise of 7.8 percent, according to Thomson Reuters.
Zumiez shares jumped more than 12 percent in after-hours trading.
Revenue at stores open at least a year is considered a key measure of a retailer's performance because it strips away sales at recently opened or closed locations.
Total revenue for the four-week period ending Oct. 30 rose 27.3 percent to $31.4 million.
Zumiez, which is based in Everett, Wash., said it now expects to earn between 36 cents and 37 cents per share in the three-month period ending in December, up from 28 cents to 30 cent per share.
Analysts expect the company to earn 30 cents per share, according to Thomson.
Zumiez shares closed down 41 cents at $25.34 Wednesday.
But they rose $3.06, or 12.1 percent, to $28.40 after hours.