January 13, 2020 / 11:10 AM / 16 days ago

Lululemon raises quarterly forecast after upbeat holiday sales

Jan 13 (Reuters) - Lululemon Athletica Inc raised its quarterly sales and profit outlook on Monday, helped by strong holiday sales.

The athleisure apparel retailer now expects fourth-quarter profit per share to be between $2.22 and $2.25, up from its prior range of $2.10 to $2.13.

The company also raised its quarterly net revenue forecast to between $1.37 billion and $1.38 billion, from $1.32 billion to $1.33 billion. (Reporting by Praveen Paramasivam in Bengaluru; Editing by Vinay Dwivedi)

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