Lululemon is also banking on new launches and more full-price selling to drive revenues and offset any impact from promotions taken to clear inventories.
Vancouver, Canada-based Lululemon 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. The company projected full-year 2023 profit between $11.74 and $11.94, compared with its prior estimate of $11.50 to $11.72 per share.Checking box will enable automatic data updates.
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