Lululemon raises Q4 revenue and profit guidance

Lululemon Athletica Inc., updating its net revenue and earnings guidance for the fourth quarter of fiscal 2018 ending February 3, 2019 has said that the company now anticipates net revenue to be in the range of 1.140 billion dollars to 1.150 billion dollars based on a total comparable sales increase in the mid-to-high teens on a constant dollar basis. This compares to its previous guidance of net revenue of 1.115 billion dollars to 1.125 billion dollars based on a total comparable sales increase in the high-single to low-double digits on a constant dollar basis.