Skate and snow-boarding inspired retailer Zumiez Inc lifted its third-quarter earnings outlook, citing better-than-planned sales and product margins.
Zumiez sees third-quarter earnings of 12 cents to 14 cents a share, up from its previous outlook 5 cents to 7 cents a share.
Analysts on average were looking for a profit of 9 cents a share, before special items, according to Reuters Estimates.
The company expects sales at stores open at least a year to decline in the high single digits to low double digits for the quarter ending Oct. 31.
Same-store sales have declined 7.7 percent in the quarter till Sept. 26, the company said.
Shares of the Everett, Washington-based Zumiez closed at $15.65 Friday on Nasdaq. (Reporting by Viraj Nair in Bangalore; Editing by Anne Pallivathuckal)