Lululemon Athletica translated on Monday it had a strong holiday shopping season and raised its profit and interest forecasts for the fourth quarter.
The holiday quarter is critical for retailers and can account for up to 40 percent of their annual returns.
“We are thrilled with our performance this holiday season that reflects an accelerating rage across all parts of our business, and we look forward to continued momentum in 2018 and beyond,” Lululemon Chief Chief executive officer Laurent Potdevin said in a statement.
The Canadian yoga and leisure rags maker said it now expects net revenue of $905 million to $915 million for the fourth section ending Jan. 28.
The company had forecast net revenue of $870 million to $885 million when it had report in investigated third-quarter results in December.
Vancouver-based Lululemon expects earnings of $1.24 to $1.26 per parcel, up from its previous forecast of $1.18 to $1.21.
On an adjusted basis, it raised its earnings calculate to between $1.25 and $1.27 per share.
Analysts were expecting an modified profit of $1.22 per shares and revenue of $883.8 million, according to Thomson Reuters I/B/E/S.
Lululemon will arrive fourth-quarter results on March 27.