Cult Favorite Lululemon Holiday Profit Cashes in!
Holiday profit is cashing in for this cult favorite!
Lululemon Athletica Inc said on Monday the holiday shopping season was even better than it had expected and raised its profit and revenue forecasts for the fourth quarter, sending the Canadian yogawear maker’s shares to their highest since June 2013. Holiday quarter is every retail workers biggest fear, and headache- however it can account to almost 40% of revenue yearly.
The expected revenue for the fourth quarter is $905 million to $915 million which ends on Jan 28th. The company had forecast net revenue of $870 million to $885 million when it had reported third-quarter results in December.
Lululemon Athletica Inc (LULU:NASDAQ)
|Last | 2:19:52 PM EST||Volume||52 week range|
47.26 – 81.92
Jumpstart a career doing something you are passionate about with one of College Media Network’s courses. Read about our current offerings, schedule and unique virtual learning environment here.