UPDATE 2-Lululemon says holiday season sales better than it expected [Reuters]
lululemon athletica inc. (LULU)
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Source: Reuters
Lululemon says holiday season sales better than it expected | Reuters Reuters Staff 3 Min Read (Reuters) - Lululemon Athletica Inc said on Monday the holiday shopping season was even better that it had expected and raised its profit and revenue forecasts for the fourth quarter, sending the Canadian yoga and leisure apparel maker’s shares up. The company had said in December that the holiday season had gotten off to a great start, with the company’s highest traffic and largest sales ever on Black Friday and Cyber Monday. Lululemon said it now expects fourth-quarter comparable sales to increase in the high single digits, on a constant dollar basis, compared with its previous forecast of a mid-single digit rise. “We are thrilled with our performance this holiday season that reflects an accelerating trend across all parts of our business, and we look forward to continued momentum in 2018 and beyond,” Lululemon Chief Executive Laurent Potdevin said in a statement. The Vancouver-based compa
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