Pedestrians seen strolling previous Canadian athletic attire retailer Lululemon in Shanghai.
Alex Tai | SOPA Photographs | LightRocket | Getty Photographs
Lululemon mentioned Monday it is now anticipating earnings and gross sales for the fourth quarter to return in on the excessive finish of its prior outlook, due to robust efficiency throughout the holidays.
Forward of digital conferences this week with analysts and traders on the annual ICR Convention, the corporate mentioned it is calling for adjusted earnings per share to develop on the excessive finish of its beforehand introduced mid- single-digit expectations. Web income for the quarter ending Jan. 31 is anticipated to develop on the excessive finish of its mid- to high-teens expectations, it mentioned in an announcement.
Lululemon shares have been down greater than 2% in premarket buying and selling Monday. The inventory has climbed greater than 54% over the previous 12 months.
“We’re happy with the momentum over the vacation interval as our investments in lululemon and Mirror allowed us to attach with company each bodily and digitally,” Chief Government Calvin McDonald mentioned in an announcement.
In December, Lululemon reported fiscal third-quarter gross sales of $1.1 billion, representing development of twenty-two% 12 months over 12 months.
Lululemon has not provided an outlook for the total 12 months as a result of ongoing results of the Covid pandemic.
Learn the total launch from Lululemon.