Lululemon Q4 revenue expected to exceed market expectations
Canadian yoga brand Lululemon expects its fourth-quarter revenue to reach between $3.56 billion and $3.58 billion, marking an 11-12% YoY increase. This exceeds both its previous forecast of $3.51 billion and analysts’ expectations compiled by Bloomberg. CFO Meghan Frank attributed the growth to strong consumer demand for Lululemon products during the holiday season. The company’s stock rose by as much as 6.9% in pre-market trading on Monday. CEO Calvin McDonald aims to reignite market demand by expanding product styles and catering to shifting fashion trends away from form-fitting apparel. The company also plans to drive growth through international expansion, increased online sales, and attracting more male consumers, with a target of $12.5 billion in annual revenue by 2026.