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Reuters
2023.06.01 20:07
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Lululemon lifts annual sales forecast on steady demand

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.

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