NEW YORK ( TheStreet) -- Shares of Zumiez ( ZUMZ) zoomed higher in late trades Wednesday after the sports apparel retailer boosted its quarterly earnings outlook and reported strong same-store sales growth of 10.1% for September. The stock was last quoted at $21.30, up 13.4%, on after-hours volume of nearly 80,000, according to Nasdaq.com. The shares gained 6% to $18.79 in the regular session. After the close, Everett, Wash.-based Zumiez said it now expects earnings of 40 to 41 cents a share in its fiscal third quarter ending this month on sales of $150 million to $152 million. The company's prior forecast was for a profit of 37 to 39 cents a share in the October period. The current average estimate of analysts polled by Thomson Reuters is for earnings of 39 cents a share on revenue of $149.3 million. Zumiez said its outlook is based on expectations for same-store sales increasing in the mid-single digits for the third quarter. For the five weeks ended Oct. 1, the company's total sales rose 18.3% to $52.9 million from $44.7 million. Wall Street is split on Zumiez with 10 of the 20 analysts covering the stock rating it as a hold, and the median 12-month price target sitting at $22, offering little upside from current levels.
And finally, disappointing quarterly reports were weighing on shares of Christopher & Banks ( CBK) and Ruby Tuesday ( RT) after the close. Christopher & Banks' shares lost more than 10% after the Minneapolis women's apparel retailer missed on the top line in its fiscal second quarter and said it expects margins to take a hit in the second half as it becomes "highly promotional" in order to move merchandise. Ruby Tuesday's stock fell almost 8% on volume of nearly 300,000 after the restaurant operator posted an in-line profit but fell short on revenue, citing heavy competition because of softness in the economy. -- Written by Michael Baron in New York. >To contact the writer of this article, click here: Michael Baron. >To submit a news tip, send an email to: firstname.lastname@example.org