Marketing
Holiday sales spur brighter outlook for Lululemon
January 14, 2021
Consumer activity during the recent holiday sales season has Lululemon expecting higher earnings and sales in its fourth quarter.
It also expects net revenue for the quarter ending Jan. 21 will be at the higher end of expectations, according to an investor relations release.
A prime reason for better than expected growth in sales and revenue is likely due to the COVID-19 shutdowns which forced most to work from home and spend more time in leisure and casual wear than traditional office attire.
CEO Calvin McDonald said Monday his company is "pleased" with the momentum from the holidays and that investments in the company and technology provided a stronger connection with guests both digitally and physically.
Due to COVID, the retailer is not offering a full year outlook at this point.
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