Lululemon Athletica provides updated Q4 guidance

Lululemon Athletica has updated its net revenue and earnings guidance for the fourth quarter of fiscal 2014 ending February 1, 2015. For the fourth quarter, the company now anticipates that net revenue will be in the range of 595 million dollars to 600 million dollars based on a total comparable sales increase between 6 to 7 percent on a constant dollar basis. This compares to the company's previous guidance of net revenue in the range of 570 million dollars to 585 million dollars based on a total comparable sales increase in the low single digits on a constant dollar basis.

The company also now expects diluted earnings per share will be in the range of 0.71 dollars to 0.73 dollars for the fourth quarter. The previous EPS guidance for the fourth quarter was a range of 0.65 dollars to 0.69 dollars. EPS guidance continues to assume 142.6 million diluted weighted-average shares outstanding and a 30.2 percent tax rate.

“Backed by improving trends and strong holiday results, we are entering 2015 in very good shape. Our guests are responding positively to both the women's and men's product assortment, and with the build-out of our senior leadership team near completion, I feel confident in our ability to execute on our growth strategies,” said Laurent Potdevin, CEO of Lululemon Athletica, elaborating on the fourth quarter expectations.