Lululemon says fourth-quarter sales and income at top end of expectations

5
Lululemon says fourth-quarter sales and income at top end of expectations

VANCOUVER – Lululemon Athletica Inc. says income and earnings for its fourth quarter are forecast to advance assist in on the end end of its earlier expectations.

The athletic garments retailer says it now expects its share enhance rate for to find income when put next with a year ago to be on the excessive end of its earlier expectations for mid-to-excessive childhood.

Lululemon moreover says it expects its enhance rate for adjusted diluted earnings per fragment to now be on the excessive end of its earlier expectations for a outcome within the mid-single digits.

The fourth quarter of Lululemon’s 2020 financial year ends on Jan. 31.

The corporate issued the up so some distance steerage earlier than meetings with analysts and merchants at an investment conference this week.

Lululemon chief govt Calvin McDonald says the company remains confident about its opportunities in 2021 and dedicated to its enhance conception.

This document by The Canadian Press was first printed Jan. 11, 2021.