Abercrombie sales are rising even faster than analysts expected

Abercrombie & Fitch Co. blew past sales estimates in the first quarter and raised its year outlook, extending a remarkable comeback from the teen fashion graveyard.

Shares of the retailer jumped by 3% in premarket trading in New York.

Revenue rose for the sixth straight quarter to $1 billion. Same-store sales at the Abercrombie namesake brand climbed 29% in the period, the New Albany, Ohio-based said in a statement Wednesday. That compares to an estimate of 17% growth.

Through Tuesday, the company’s stock had risen 73% so far this year and was trading at an all-time high.