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Lululemon sees earnings at top end of outlook thanks to holidays

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Pedestrians seen walking past Canadian athletic apparel retailer Lululemon in Shanghai.

Alex Tai | SOPA Images | LightRocket | Getty Images

Lululemon said Monday it’s now expecting earnings and sales for the fourth quarter to come in at the high end of its prior outlook, thanks to strong performance during the holidays.

Ahead of virtual meetings this week with analysts and investors at the annual ICR Conference, the company said it’s calling for adjusted earnings per share to grow at the high end of its previously announced mid- single-digit expectations. Net revenue for the quarter ending Jan. 31 is expected to grow at the high end of its mid- to high-teens expectations, it said in a…



Source cnbc.com

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