UPDATE 1-Lululemon raises full-year forecast as growth efforts pay off

Lululemon Athletica Inc reported better-than-expected second-quarter results on Thursday, buoyed by higher traffic across all segments, helping the Canadian athletic apparel maker to raise its revenue and profit forecasts for the year. The company also increased its full-year profit forecast in the range of $4.63 to $4.70 per share, from $4.51 to $4.58 per share. Lululemon’s revenue rose 22% to $883.4 million in the quarter ended Aug. 4 from a year earlier, as investments made in boosting sales at company-owned stores and online businesses paid off.

source https://finance.yahoo.com/news/1-lululemon-raises-full-forecast-203235437.html?.tsrc=rss

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