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Shares of



closed solidly higher Wednesday after the company raised its guidance for the second quarter, thanks to a 7.8% increase in same-store sales.

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Total sales for the quarter climbed 13% to $80.5 million, compared with $71.2 million for the same quarter last year. Direct-to-customer sales rose 10.9% to $14 million, based on a 12.5% increase in catalog circulation and strong Internet sales.

Now, Brookstone is projecting a second-quarter loss of between 25 cents and 27 cents a share. Last year, the company had a loss of 26 cents a share, which included a one-time gain of 5 cents. For the full year, the company raised its earnings outlook to between $1.65 and $1.70 a share. Last year, Brookstone earned $1.40 a share.

Because of the seasonal nature of its business, the company said it generally carries a loss through the first three quarters and makes its profit in the fourth quarter.

Analysts polled by Thomson First Call estimate that the company will have a second-quarter loss of 31 cents a share and a full-year profit of $1.40 a share.

Shares of Brookstone gained $2.97, or 12.5%, to $26.70.