lululemon athletica (LULU) Updates Q4 Guidance, Modestly Raising Expectations
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lululemon athletica inc. Updates Guidance for the Fourth Quarter of Fiscal 2018 Ahead of the ICR Conference
January 14, 2019 6:00 AM ESTVANCOUVER, British Columbia--(BUSINESS WIRE)-- lululemon athletica inc. (NASDAQ: LULU) today announced that the Company is updating its net revenue and earnings guidance for the fourth quarter of fiscal 2018 ending February3, 2019.
For the fourth quarter of fiscal 2018, we now anticipate that net revenue will be in the range of $1.140 billion to $1.150 billion based on a total comparable sales increase in the mid-to-high teens on a constant dollar basis. This compares to our previous guidance of net revenue of $1.115 billion to $1.125 billion based on a total comparable sales increase in the high-single to low-double digits on... More
