Lululemon athletica inc. has announced their expectations for their fourth quarter of fiscal 2020 – noting that their earnings numbers are at the high end of their initial forecasts.“We’re pleased with the momentum over the holiday period as our investments in lululemon and MIRROR allowed us to connect with guests both physically and digitally. We remain confident about our opportunities in 2021 and committed to our Power of Three growth plan,” said Calvin McDonald, Chief Executive Officer.
In a year-over-year comparison, the company expects their growth rate in net revenue to be at the high end of their mid-to-high teens prediction.
Lululemon’s fourth quarter will end on Jan. 31, however, it looks like the retailer is already on track to achieve their financial goals.
Source: Lululemon Press Release 1/11/21
Photo Credit: Lululemon Instagram
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About Lululemon Athletica Inc.
lululemon athletica inc. (NASDAQ:LULU) is a healthy lifestyle inspired athletic apparel company for yoga, running, training, and most other sweaty pursuits, creating transformational products and experiences which enable people to live a life they love. Setting the bar in technical fabrics and functional designs, lululemon works with yogis and athletes in local communities for continuous research and product feedback. For more information, visit WWW.LULULEMON.COM.
