Canada-based yoga brand Lululemon has updated its revenues guidance for the fourth quarter of fiscal 2015 ending January 31, following strong holiday sales.

It expects revenue in the range of between $690 million to $695 million, an increase of about 15% compared with the same period in 2014.

"We had a very successful holiday season driven by strong execution in stores and online during the key holiday weeks. We are looking forward to 2016 and will enter the year with a very strong leadership team across the company that is relentlessly driving our strategic priorities and long term vision," said CEO Laurent Potdevin.

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