Lululemon Athletica currently projects that net revenue for the fourth quarter will be between US $ 3.600 billion and US $ 3.58 billion, which would represent an increase of 11 per cent – 12 per cent or 6 per cent – 7 per cent, excluding the 53rd week of 2024.
The business had previously projected revenue between US $ 3.375 billion and US $ 3.510 billion.
In contrast to the previous projection range of US $ 5.56 to US $ 5.64, the business stated in a release that diluted earnings per share are now anticipated to be between US $ 5.81 and US $ 5.85.
Lululemon had previously predicted a 20–30 basis point drop in gross margin compared to Q4 of fiscal 2023, but now expects a 30 basis point rise.
The company’s CFO, Meghan Frank, clarified that they were able to improve their Q4 projection due to the positive consumer reaction to their product offerings throughout the holiday season.
