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Lululemon raises holiday-quarter profit, revenue forecasts


(Reuters) - Lululemon Athletica Inc said on Monday it had a strong holiday shopping season and raised its profit and revenue forecasts for the fourth quarter.The holiday quarter is critical for retailers and can account for up to 40 percent of their annual revenue."We are thrilled with our performance this holiday season that reflects an accelerating trend across all parts of our business, and we look forward to continued momentum in 2018 and beyond," Lululemon Chief Executive Laurent Potdevin said in a statement.The Canadian yoga and leisure apparel maker said it now expects net revenue of ...

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First Published: Mon, January 08 2018. 17:48 IST