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Home / Knowledge / News / Apparel/Garments / Lululemon Q4 FY17 revenue to be $905-$915 million
Lululemon Q4 FY17 revenue to be $905-$915 million
10
Jan '18
Courtesy: Lululemon
Courtesy: Lululemon
It is expected that the net revenue of Canadian athletic apparel retailer Lululemon Athletica for the fourth quarter of fiscal 2017 ending on January 28, 2018 will be in the range of $905 million to $915 million. The company's forecast is on the basis of a total comparable sales increase in the high single digits on a constant dollar basis.

This compares to the company's previous guidance of net revenue in the range of $870 to $885 million for the fourth quarter based on a total comparable sales increase in the mid-single digits on a constant dollar basis.

"We also now expect diluted earnings per share to be in the range of $1.24 to $1.26 for the fourth quarter. Excluding the impact of the restructuring of our Iivivva operations, we expect adjusted diluted earnings per share to be in the range of $1.25 to $1.27 for the quarter. The previous diluted earnings per share guidance for the fourth quarter were in the range of $1.18 to $1.21, or $1.19 to $1.22, excluding the impact of the Ivivva restructuring," the company said in a press release.

The company forecasts a tax rate of 30.4 per cent. "We are assessing the impact that the tax reform will have, but expect to recognize a significant income tax expense in the fourth quarter of fiscal 2017 related to the one-time deemed repatriation tax on accumulated foreign earnings. We believe that the impact of the tax reform will be favorable to the Company's effective tax rate in fiscal 2018," the release stated.

"We are thrilled with our performance this holiday season that reflects an accelerating trend across all parts of our business, and we look forward to continued momentum in 2018 and beyond," said Laurent Potdevin, CEO, Lululemon. (RR)

Fibre2Fashion News Desk – India


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