At Canadian sportswear provider Lululemon Athletica Inc., Christmas business went better than expected. The Vancouver-based company then raised its forecasts for the fourth quarter of the 2024/25 financial year on Monday.
The yoga clothing specialist now expects sales of between 3.560 and 3.580 billion US dollars (3.49 to 3.51 billion euros) for the current quarter, which ends at the end of January. That would correspond to growth of eleven to twelve percent compared to the same period last year. Previously, 3.475 to 3.510 billion US dollars were expected.
Additionally, the company raised its diluted earnings per share guidance, which had previously been $5.56 to $5.64, to $5.81 to $5.85. The move was justified, among other things, by the fact that the clothing supplier now expects an increase in the gross margin of around 30 basis points for the final quarter.