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.