Exercise apparel retailer Lululemon Athletica (LULU) lifted its sales and earnings per share (EPS) projections for the fourth quarter on Monday following a strong holiday shopping season.
The company expects Q4 revenue between $3.56 billion to $3.58 billion, up from $3.475 billion to $3.51 billion previously. That puts the company's sales expectations above the $3.52 billion consensus projection of analysts compiled by Visible Alpha.
Lululemon also lifted its EPS guidance to $5.81 to $5.85 per share, up from the previous range $5.56 to $5.64 and the $5.64 expected by analysts.
"During the holiday season, our guests responded well to our product offering, enabling us to increase our fourth-quarter guidance," Lululemon CFO Meghan Frank said.
Lululemon made the adjustment ahead of management's meetings with investors and analysts at this week's ICR Conference in Orlando, Fla.
Shares were little changed about an hour after the opening bell Monday.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.