Lululemon's Stock Surges on Updated Outlook
6 days ago - By WWD
Lululemon Athletica's stock is having a good day.
Shares of the sports apparel and accessory company surged nearly 9 percent Monday morning to more than $143 after the company updated its current quarter guidance.
Now, for the fourth quarter fiscal year 2018, which ends Feb. 3, Lululemon is expecting sales revenues between $1.14 billion to $1.15 billion, up from its previous guidance between $1.11 billion and $1.12 billion.
While the holiday shopping season was somewhat underwhelming for some retailers, Lululemon was a stand-out star. In fact, the company, known for its popular ath-leisure...
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