Lulu’s holiday season better than expected
Canadian sportswear brand Lululemon has raised its expectations for the fourth quarter of 2024, now expecting revenues of around $3.57 billion, which would be around 12% higher than the year before.
The previous guidance range was $3.475 billion to $3.510 billion.
Meghan Frank, chief financial officer, commented: “During the holiday season, our guests [customers] responded well to our product offering, enabling us to increase our fourth quarter guidance. As we close out our 2024 fiscal year, I want to thank our teams around the world for their hard work and ongoing commitment to supporting our guests and communities.”
Image: Lululemon is celebrating the Year of the Snake with a capsule collection and short film “Back to spring”, featuring actress Chris Lee (pictured) table tennis player Xialian Ni and actor Ken Wu
