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Lululemon Lifts Q4 Sales, Profit Outlook After Holiday Shopping Season

The red Lululemon logo is seen on a black banner outside a store.

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Key Takeaways

  • Lululemon on Monday lifted its revenue and profit outlook for the fourth quarter.
  • The exercise apparel retailer's finance chief said "guests responded well" to its product offering during the holiday season.
  • The new estimates are above analysts' projections compiled by Visible Alpha.

Exercise apparel retailer Lululemon Athletica (LULU) lifted its sales and 澳洲幸运5官方开奖结果体彩网:earnings per share (EPS) projections for the fourth quarter on꧂ Monday following a strong holiday shopping season.

The company expects Q4 revenue between $3.56 billion to $3.58 billion, up from $3.475 billion to $3.51 billion previously. That puts the company's sales expectations above the $3.52 billion consensus projection of analysts compiled by Visible Alpha.

Lululemon also lifted its EPS guidance to $5.81 to $5.85 per share, up from the previous range🗹 $5.56 to $5.64 and the $5.64 expected by analysts.

CFO Says 'Guests Responded Well to Our Product Offering'

"During the holiday season, our guests responded well to our product offering, enabling us to increase our fourth-quarter guidance," Lululemon CFO Meghan Frank said.

Lululemon made the adjustment ahead of management's meetings with investors and analysts at this week's ICR Conference in Orlando, Fla.

Sha☂res were little changed about an hour after the opening♎ bell Monday.

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