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Lululemon says Q4 revenue, profit will be below internal, analyst estimates

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The front of a Lululemon Athletica store is seen in downtown Victoria, on June 9, 2013. THE CANADIAN PRESS/Jonathan Hayward

VANCOUVER – Lululemon Athletica inc. (Nasdaq:LULU) says it now expects fourth-quarter revenue and profit will be lower than its previous estimate. The Vancouver-based fashion retailer’s new revenue range is between US$513 million and US$518 million, about $22 million lower than the previous guidance. Lululemon’s new estimate for diluted earnings per share is between 71 and 73 cents per share, which is seven cents below the previous guidance. Analysts had been expecting Lululemon’s actual results to be slightly above the company’s previous guidance.

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