Lululemon raises Q4 guidance

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Lululemon raises Q4 guidance
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Lululemon Athletica Inc. on Monday raised its revenue and earnings guidance for the fourth quarter. The athletic-wear retailer said it expects fourth-quarter revenue to be between $1.14 billion and $1.15 billion, up from its old guidance of between almost $1.12 billion and nearly $1.13 billion. The new revenue guidance is based on comparable sales on a constant-dollar basis increasing in the mid to high teens, whereas the company's old guidance was based on comparable sales on a constant-dollar basis increasing in the high single to low double digits, the company said.

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