Lululemon Regains Momentum on Strong Holiday Sales
- Upscale yogawear company raised its fourth-quarter outlook
- CEO is betting on new styles and trends to spark demand
A Lululemon store in New York.
Photographer: Yuki Iwamura/BloombergThis article is for subscribers only.
Lululemon Athletica Inc. expects fourth-quarter sales to surpass the market’s expectations, showing the upscale activewear brand is fending off upstart competitors and slower growth in consumer spending.
Revenue will rise between 11% to 12% and be in the range of $3.56 billion to $3.58 billion in the period, up from previous guidance for revenue of as much as $3.51 billion. That surpassed the average estimate of analysts compiled by Bloomberg.