lululemon athletica (LULU) Raises Q3 Guidance
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- lululemon athletica (LULU) Higher After Raising Q3 Guidance
- lululemon athletica (LULU) Raises Q3 Guidance
lululemon athletica inc. (NASDAQ: LULU) raised its third quarter guidance, reflecting stronger than anticipated net revenues for the quarter.
For the third quarter of fiscal 2009, the Company now expects diluted earnings per share to be in the range of $0.17 to $0.19 as compared to its previous guidance range for diluted earnings per share of $0.11 to $0.13.
The Company now expects net revenue to be in the range of $110 million to $112 million for the third quarter of fiscal 2009. This compares to the Company’s previous guidance of net revenue in the range of $95 million to $100 million for the quarter, and compares to net revenue of $87.0 million for the third quarter of fiscal 2008.
Comparable-store sales for the third quarter of fiscal 2009 are expected to reflect a high-single digit increase on a constant-dollar basis compared to the third quarter of fiscal 2008. This compares to the Company’s previous guidance of relatively flat comparable store sales for the third quarter of fiscal 2009.
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