Lululemon raises fourth-quarter revenue and earnings per share forecast
Posted Jan 13, 2025 10:43:57 AM.
Last Updated Jan 13, 2025 10:45:12 AM.
VANCOUVER — Lululemon Athletica Inc. has raised its forecast for revenue and earnings per share for its fourth quarter following a strong holiday season.
Lululemon chief financial officer Meghan Frank says shoppers during the holiday season responded well to the company’s offerings, enabling it to increase its fourth-quarter guidance.
The athletic clothing retailer, which keeps its books in U.S. dollars, says it now expects net revenue in the range of US$3.56 billion to US$3.58 billion for its fourth quarter.
The company’s previous guidance range was US$3.48 billion to US$3.51 billion.
The new guidance represents growth of 11 to 12 per cent compared with the fourth quarter of its 2023 financial year, or growth of six to seven per cent excluding the 53rd week of 2024.
Lululemon also says it now expects diluted earnings per share in a range of US$5.81 to US$5.85 for its fourth quarter compared with previous guidance for US$5.56 to US$5.64.
This report by The Canadian Press was first published Jan. 13, 2025.
The Canadian Press
