Lovisa started the year with a market value drop of $138 million.
Now the accessories chain has revealed same store sales growth for the year is in excess of 10%.
Gross margin has also bounced back stronger than forecast, currently tracking at around 77%.
This is due to reduced clearance activity and a continued focus on inventory management, the retailer said.
MD Shane Fallscheer said as Lovisa approaches the key trading month of December, earnings before interest and tax for the half year will be in the range of $26 million to $28 million.
“Whilst we are very pleased with the year to date results, the greater part of the growth in same store sales has been price related as opposed to volume related.
"We are nevertheless encouraged by the improvement in our results through focussing on ensuring a clean inventory position and merchandising o ffer which has resulted in stronger than expected margins."
Lovisa's store network has increased to 268 stores and a total of seven stores will be trading in the UK at Christmas