) increased its full-year forecasts on Thursday, betting on resilient demand for its athletic wear in the U.S. during the holiday shopping season and continued strength in its international business.Lululemon, like its peers, has had to keep its foot on the pedal when it comes to introducing fresh colors and prints to keep consumers engaged amid stiff competition from newer brands.
“A lot of the growth is coming from the international business right now. I think they’re doing really well in China.” Lululemon raised its annual diluted earnings per share forecast to between US$14.08 and US$14.16, from its prior range of US$13.95 to US$14.15.The maker of Ski-Doo snowmobiles and Sea-Doo watercraft says it earned $27.3-million or 37 cents per diluted share for the quarter ended Oct. 31.
Canadian Tire chief executive Greg Hicks says the review helped the retailer gain insights that will make it an even better bank owner. The company has seen strong engagement from younger shoppers who are on the look out for both mass products and prestige brands such as Elf Beauty and Clinique by Estee Lauder , respectively, for the holidays.The retailer, which sells perfumes and makeup, also slightly nudged the lower end of its annual sales forecast.
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