Lululemon hikes Q4 profit, revenue forecasts on strong holiday sales
(Reuters) - Canadian yoga and leisure apparel maker Lululemon Athletica Inc on Monday raised its fourth-quarter profit and revenue forecasts, helped by a strong holiday season.
Lululemon said it now expects net revenue of $905 million to $915 million, higher than its earlier forecast of $870 million to $885 million.
Its expects earnings of $1.24 to $1.26 per share, up from its previous forecast of $1.18 to $1.21.
Lululemon will report results for the fourth quarter ending Jan. 28 on March 27.
(Reporting by Nivedita Bhattacharjee; Editing by Savio D'Souza)
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