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Lululemon updates Q4 net revenue & earnings guidance

05
Feb '19
Courtesy: Lululemon
Courtesy: Lululemon
Lululemon Athletica, a healthy lifestyle inspired athletic apparel company, has updated its net revenue and earnings guidance for Q4 FY2018 ending February 3, 2019. For Q4, the company now anticipates that net revenue will be in the range of $1.140–$1.150 billion based on total comparable sales increase in the mid-to-high teens on a constant dollar basis.

Lululemon now expects diluted earnings per share in the range of $1.72 to $1.74 for the fourth quarter based on a 30 per cent effective tax rate, said a media release by the company. This compares to its previous diluted earnings per share guidance of $1.64 to $1.67 based on a 30 per cent effective tax rate.

The guidance excludes discrete tax expenses related to US tax reform and repatriation and expected tax benefit from recent changes in legislation and guidance related to global intangible low-taxed income (GILTI) taxes.

“The momentum in our business remained strong throughout the holiday season, reflecting the ongoing success of our product offerings and our connection with guests around the globe. I speak for the entire leadership team in thanking all our teams around the world for delivering a strong 2018,” said Calvin McDonald, CEO of Lululemon. (PC)

Fibre2Fashion News Desk – India


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