Lululemon Athletica Hikes Its 2020 Outlook

1 min read

It has been a brighter holiday shopping season than lululemon athletica‘s (NASDAQ: LULU) management team first predicted. The apparel giant on Monday announced that it is raising its outlook for the fiscal fourth quarter, which ends in late January and captures the key holiday shopping spike.

CEO Calvin McDonald and his team now say sales should reach the high end of the guidance range executives issued back in mid-December. That should put revenue gains in the high-teen percentage range, which would mark steady growth compared to the prior quarter. “We’re pleased with the momentum over the holiday period,” McDonald said in a press release.

Image source: Getty Images.

Continue reading

Leave a Reply

Your email address will not be published.

Previous Story

3 Dividend Stocks to Supplement Your Social Security

Next Story

Why Editas Medicine Stock Is Tumbling Today

Latest from Blog