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Lululemon says Q4 sales at high end of guidance, earnings better than expected
VANCOUVER – Lululemon Athletica Inc. (TSX:LLL) says fourth-quarter sales are expected to be at the high end of its guidance and that earnings will be better than expected.
The athletic clothing retailer says revenue for the key holiday quarter will be near the $475 million to $480 million previously forecast.
The guidance is based on a same-store sales percentage increase in the high single digits on a constant-dollar basis.
The retailer also says it now expects diluted earnings per share of 74 cents for the quarter ended Feb. 3.
That compares with earlier guidance for earning of between 71 and 73 cents per share.
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