Lululemon raises 4Q earnings=?UTF-8?B?wrQ=?=guidance

A new Post "Lululemon raises 4Q earnings´guidance" was written on the January 16, 2012 at 6:00 pm on "Textile Global - Textile and Fashion News".

Lululemon Athletica Inc. (LULU) has raised its fourth-quarter

2011 earnings guidance range taking into account company´s
expectations of higher revenue for that period. Lululemon is expecting
earnings growth of approximately 47% to 53%. Once updated, the
yoga-inspired athletic apparel company forecasts its earnings for the
fourth quarter of fiscal 2011 to be in the range of 47 to 49 cents per
share, compared to its previous guidance of 40 to 42 cents.

As highlighted at Zacks Equities Research, Lululemon is expecting
earnings growth of approximately 47% to 53% from the prior-period
earnings of 32 cents per share, up from its previous forecasted range
of 25% to 31%. The current Zacks Consensus Estimate stands at 49 cents
per share, or in other words, the top end of the company's guidance
range.

According to the company´s figures, the undertaking of a
store-renewal strategy would lead the company to potentially generate
net revenues of $358 to $363 million for the fourth quarter of fiscal
2011, in comparison the $327-$332 million range earlier provided.

Following the updated quarterly revenue guidance, LULU rose again
Wednesday in heavy volume following Tuesday's 12% increase,
Investor's Business Daily reported. Lululemon shares are doing well
despite an enormous run since 2009, up 584% since breaking out of a
first-stage base in July 2009, IBD reported.

See the rest here:
Lululemon raises 4Q earnings´guidance

http://www.textileglobal.com/2012/01/lululemon-raises-4q-earnings%c2%b4guidance.html

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