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After a Successful Holiday Season, Lululemon is the Stock to Watch

Things are looking good for beloved Canadian retailer Lululemon Athletica Inc.

Today, the brand announced that it had narrowed the range of its profit and revenue forecasts for the fourth quarter of 2016.

The company now expects its fourth-quarter net revenue to be $775 million-$785 million from its initial forecast of $765 million-$785 million. Also narrowed are the company’s fourth-quarter earnings to $0.99-$1.01 per share from its previous forecast of $0.96-$1.01 per share.


Apparently, a lot of people unwrapped Lululemon boxes over the holidays.

“We had a strong holiday season in both our store and digital channels,” said Chief Executive Laurent Potdevin in a statement.

The retailer reported higher-than-anticipated third-quarter profit in December on higher gross margins and sales. It now anticipates diluted earnings per share ranging between US99 cents to US$1.01 for the fourth quarter. This is up from an earlier estimate of US96 cents to US$1.01.

Lululemon provided the update in advance of the company’s meeting with analysts and investors at the annual ICR Conference in Orlando, Fla. Tomorrow.


Not every retailer was as fortunate over the holiday season. Many companies – including Macy’s, Kohl’s, Sears and Barnes & Noble – experienced disappointing sales figures.

Lululemon has about 360 stores in eight countries on four continents. This includes its first two outlets in China, which opened last month.

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