Lululemon Raises Q4 Guidance on Robust Holiday Sales
The yoga-inspired athletic apparel company ups its EPS guidance some 17% at the mid-point to a range of $0.47-.49 ($68.8 mm) versus prior guidance of $0.40-.42 for the period ending Jan. 29. Comparable store Q4 sales are now forecast to rise low- to mid-20s on a constant dollar basis against prior guidance of a low- to mid-teens gain. Thanks to expanded assortments and a bright Holiday color palette, total Q4 sales are forecast to rise at least 47% to a range of $358-363 million.
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