January 12, 2015 / 1:17 PM / in 3 years

BUZZ-Lululemon Athletica Inc: Raises revenue, profit forecast

** Yogawear chain's shares up 7.5 pct at $63 premarket

** Raises Q4 revenue and profit forecast above the average analyst estimate, citing strong holiday season sales

** "Our guests are responding positively to both the women's and men's product assortment," CEO Laurent Potdevin says

** Hikes Q4 revenue forecast to $595-$600 mln from $570-$585 mln, profit forecast to 71-73 cents per share from 65-69 cents

** Lululemon once dominated the market, but faces stiff competition now and has worked to improve quality and solve supply-chain problems

** Company cut its full-year revenue forecast a month back, hurt by as U.S. port disruptions and delayed store openings

** Since then the stock had risen 18 pct through Friday's close

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below