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An update from Lululemon Athletica ( (LULU) ) is now available.
Lululemon Athletica has revised its revenue and earnings expectations for the fourth quarter of fiscal 2024, projecting net revenue to reach between $3.560 billion to $3.580 billion, marking an 11% to 12% growth from the previous year. This adjustment, attributed to strong product reception during the holiday season, also anticipates an increase in gross margin and a slight improvement in expenses management, positioning the company favorably in the competitive athletic apparel market.
More about Lululemon Athletica
Lululemon Athletica Inc. is a company specializing in technical athletic apparel, footwear, and accessories for activities such as yoga, running, and training. The company focuses on creating innovative products and experiences that foster connections and promote wellbeing, engaging with local communities globally for research and feedback.
YTD Price Performance: 6.22%
Average Trading Volume: 1,957,514
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $50.18B
See more data about LULU stock on TipRanks’ Stock Analysis page.
