Lululemon lifts annual sales forecast on steady demand

Reuters
2023.06.01 20:07
portai
I'm PortAI, I can summarize articles.

June 1 (Reuters) - Lululemon Athletica Incraised its annual sales forecast on Thursday, betting on strong demand for its activewear from affluent U.S. shoppers and a recovery in China. The company now expects full-year 2023 revenue between $9.44 billion and $9.51 billion, compared with its prior estimate of $9.30 billion to $9.41 billion. Analysts on average had estimated $9.37 billion, according to Refinitiv IBES data.

June 1 (Reuters) - Lululemon Athletica Inc (LULU.O) raised its annual sales forecast on Thursday, betting on strong demand for its activewear from affluent U.S. shoppers and a recovery in China.

The company now expects full-year 2023 revenue between $9.44 billion and $9.51 billion, compared with its prior estimate of $9.30 billion to $9.41 billion. Analysts on average had estimated $9.37 billion, according to Refinitiv IBES data.

Source: Reuters The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.