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.