Lululemon shares rise as retailer tops earnings estimates, raises sales forecast

People line up to enter a store during Black Friday shopping at Fashion Outlets of Chicago in Rosemont of Greater Chicago Area, Illinois, the United States, on Nov. 26, 2021.'s stock rose after the apparel market reported fiscal third-quarter earnings and sales ahead of analysts' estimates, prompting it to raise its full-year outlook.Here's how Lululemon did in the three-month period ended Oct. 31 compared with what analysts were expecting, based on a Refinitiv survey:Revenue: $1.

Lululemon said third-quarter net income rose to $187.8 million, or $1.44 per share, from $143.6 million, or $1.10 per share, a year ago.Sales rose about 30% to $1.45 billion from $1.12 billion a year earlier. That was ahead of expectations for $1.41 billion. Lululemon raised its revenue to a range of between $6.25 billion and $6.29 billion. Previously, it expected revenue of $6.19 billion to $6.26 billion.Find the full earnings press release from Lululemon

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