Newspaper article The Canadian Press

Lululemon Raising Fourth-Quarter Guidance Following Holiday Season

Newspaper article The Canadian Press

Lululemon Raising Fourth-Quarter Guidance Following Holiday Season

Article excerpt

Lululemon raising fourth-quarter guidance

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VANCOUVER - Lululemon Athletica Inc. is raising its sales and earnings guidance for its fourth quarter.

The retailer says it now expects net revenue will be in the range of $905 million to $915 million for the quarter based on a total comparable sales increase in the high single digits on a constant dollar basis.

The revised forecast compares with its earlier guidance for net revenue in the range of $870 million to $885 million for the fourth quarter based on a total comparable sales increase in the mid-single digits on a constant dollar basis.

Lululemon also says it now expects diluted earnings per share of $1.24 to $1.26 for the fourth quarter. Excluding the impact of the restructuring of its Ivivva operations, it expects adjusted diluted earnings per share in the range of $1. …

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