Lululemon Lifts Outlook As Q3 Comps Surge 22 Percent

December 8, 2022

Lululemon Athletica, Inc. again raised its outlook for sales and earnings for the year after reporting third-quarter results that topped guidance. Comparable sales in the quarter increased by 22 percent, or 25 percent on a constant dollar basis.

Sales of $1.9 billion exceeded guidance in the range of $1.780 billion to $1.805 billion. EPS of $2.00 topped guidance in the range of $1.90 to $1.95. SGB