Lululemon reports strong Q4 sales growth, exceeding $3.5 billion, and raises earnings forecast.

Lululemon Athletica is exceeding sales expectations for the fourth quarter, with projected growth of 11% to 12%, reaching between $3.56 billion and $3.58 billion. The company's strong holiday sales indicate resilience against competition and slower consumer spending. Lululemon also raised its earnings per share forecast, aiming for $5.85. The company plans to expand internationally, boost online sales, and introduce more men's products to hit its $12.5 billion annual revenue target by 2026.

2 months ago
32 Articles

Further Reading