Business

Lululemon raises quarterly profit forecast


January 14, 2019 / 11:15 AM / Updated 2 hours ago


Jan 14 (Reuters) - Canadian athletic apparel maker Lululemon Athletica Inc on Monday raised its fourth-quarter profit forecast, helped by strong sales during the holiday season.


The company now expects earnings of $1.72 to $1.74 per share, compared with $1.64 to $1.67 per share estimated previously.


“The momentum in our business remained strong throughout the holiday season,” Chief Executive Officer Calvin McDonald said.


(Reporting by Arundhati Sarkar in Bengaluru; Editing by Anil D’Silva)






Powered by Blogger.