Lululemon Lifts Outlook After Strong Holiday Run
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Lululemon Athletica Inc. has raised its Q4 expectations, anticipating net revenue to reach the top of its $3.50-$3.585 billion range and EPS towards the upper end of $4.66-$4.76. Despite this positive outlook, both figures fall short of analyst estimates. The company aims to improve its U.S. business amid a CEO search and boardroom pressure. Lululemon's recent performance showed a 7% revenue increase year-over-year, driven by a 33% rise internationally, while U.S. sales remain under pressure. Shares rose 1.77% to $207.51 following the announcement.
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