Lululemon boosts profit outlook as holiday sales beat expectations
Lululemon Athletica (NASDAQ:LULU) raised its fourth-quarter profit and revenue forecasts, signaling that resilient holiday demand for its yoga-inspired apparel is helping the company navigate a cooling U.S. retail environment.
The Vancouver-based retailer now expects net revenue to reach the high end of its $3.50 billion to $3.59 billion range for the period ending in January.
Diluted earnings per share are also projected at the top end of the previously guided $4.66 to $4.76, according to a statement Monday.
The upbeat outlook comes as the company continues to execute a turnaround plan for its domestic business, which has faced slowing growth and increased competition.
Lululemon has been under pressure to revitalize its U.S. segment after a string of quarters where domestic growth lagged behind its explosive international expansion, particularly in China.
The company’s management is scheduled to meet with investors at the ICR Conference this week to discuss its strategy for fiscal 2026.
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