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Lululemon says holiday season sales better than expected


(Reuters) - Lululemon Athletica Inc said on Monday the holiday shopping season was even better than it had expected and raised its profit and revenue forecasts for the fourth quarter, sending the Canadian yogawear maker's shares to their highest since June 2013.The company said in December its holiday season was off to a great start, with its highest traffic and largest sales ever on Black Friday and Cyber Monday.Lululemon said it now expects fourth-quarter comparable sales to increase in the high single digits, on a constant dollar basis, compared with its previous forecast of a mid-single ...

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First Published: Mon, January 08 2018. 23:20 IST