Home / Knowledge / News / Apparel/Garments / We are wrapping up another record year for lululemon - Christine Day
We are wrapping up another record year for lululemon - Christine Day
17
Jan '11
lululemon athletica inc announced that the Company is raising its guidance for the fourth quarter of fiscal 2010 ending January 30, 2011.

For the fourth quarter of fiscal 2010, the Company now expects diluted earnings per share to be in the range of $0.55 to $0.57 as compared to its previous guidance range for diluted earnings per share of $0.46 to $0.48. The Company's improved guidance reflects stronger than anticipated net revenues for the quarter.

The Company now expects net revenue to be in the range of $237 million to $239 million for the fourth quarter of fiscal 2010. This compares to the Company's previous guidance of net revenue in the range of $210 million to $215 million for the quarter, and compares to net revenue of $161 million for the fourth quarter of fiscal 2009.

Comparable-store sales for the fourth quarter of fiscal 2010 are expected to reflect a mid- to upper-twenties percentage increase on a constant-dollar basis. This compares to the Company's previous guidance of high teens comparable-store sales for the fourth quarter of fiscal 2010.

Christine Day, lululemon's CEO stated: "We are wrapping up another record year for lululemon, one in which we were able to drive strong earnings growth due to exceptional results across our retail and e-commerce channels. In 2010, we were able to strengthen our brand awareness while making key investments for the future. We will be chasing inventory for the remainder of the fourth quarter and into the spring season, and in the near term will be focused once again on matching supply with demand. For fiscal 2011, our plans remain to open 20-25 stores while making key strategic investments to support our long term growth trajectory."

The Company has also announced that management will be presenting at the ICR XChange Conference on Wednesday, January 12, 2011 in Dana Point, California. See separate release for webcast information.

The Company is providing this information in light of the significant expected outperformance of its original fourth quarter guidance provided in conjunction with the announcement of the Company's third quarter results on December 9, 2010. Investors should not expect the Company to provide regular interim quarterly updates of guidance or outlook information in advance of quarterly earnings announcement dates.

lululemon athletica inc


Must ReadView All

Apparel/Garments | On 21st Sep 2017

UK fashion exports £10.7 bn in 2016; highest till now

Exports of British fashion goods rose to £10.7 billion in 2016, the...

Apparel/Garments | On 21st Sep 2017

BFC announces partnership with Chinese firm JD.com

The British Fashion Council (BFC) has forged a new partnership...

Textiles | On 21st Sep 2017

Indonesia’s textile exports may reach $15 billion by 2019

Indonesia’s textile-related exports are projected to reach $15...

Interviews View All

Sonia Agarwal
Whitenife

‘The terms eco-friendly and organic are common but everyone perceives them ...

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

September 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search