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Last Update: 10-Jan-12 10:22 ET
lululemon Up 16% After Raising Guidance This Morning
lululemon (LULU $61.83 +8.39) is trading sharply higher after raising its fourth quarter guidance above consensus.
Earlier this morning, the company raised its EPS guidance to $0.47 to $0.49 from $0.40 to $0.42 versus the $0.43 Capital IQ Consensus Estimate; raised fourth quarter revenue to $358 million to $363 million from $327 million to $332 million versus the $337.98 mln Capital IQ Consensus Estimate.
Comparable-store sales for Q4 are expected to reflect a low-to-mid twenties percentage increase on a constant-dollar basis. This compares to the co's previous guidance of low to mid-teens comparable-store sales for the fourth quarter of fiscal 2011. "Our work throughout the year building our inventory position is driving our success in the fourth quarter. Guests have responded exceptionally well to the robust assortment and bright color palette for holiday, and momentum continues with the new spring product offerings."
Earlier this morning, the company raised its EPS guidance to $0.47 to $0.49 from $0.40 to $0.42 versus the $0.43 Capital IQ Consensus Estimate; raised fourth quarter revenue to $358 million to $363 million from $327 million to $332 million versus the $337.98 mln Capital IQ Consensus Estimate.
Comparable-store sales for Q4 are expected to reflect a low-to-mid twenties percentage increase on a constant-dollar basis. This compares to the co's previous guidance of low to mid-teens comparable-store sales for the fourth quarter of fiscal 2011. "Our work throughout the year building our inventory position is driving our success in the fourth quarter. Guests have responded exceptionally well to the robust assortment and bright color palette for holiday, and momentum continues with the new spring product offerings."
