Lululemon Athletica Inc., a yoga-inspired apparel athletic company, has updated its net revenue guidance for the fourth quarter of current fiscal ending 29th January, 2017. The company is anticipating its net revenue in the range of US $ 775-785 million based on a total comparable sales increase in the mid-single digits on a constant dollar basis. Earlier, the guidance of net revenue was in the range of US $ 765-785 million for the comparable period.
“We had a strong holiday season in both our store and digital channels driven by our assortment, operational execution and guest experience. Our entire team is excited about the momentum in the business and I am grateful to our global collective for their great work and enthusiasm. We look forward to 2017 as we continue to advance on our long-term goals,” said Laurent Potdevin, CEO, Lululemon Athletica.
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Lululemon Athletica is a healthy lifestyle inspired athletic apparel company for yoga, running, training, and most other sweaty pursuits, with products that create transformational experiences for people to live happy, healthy, fun lives.