Lululemon Athletica Expects Q4 Net Revenue of $3.170B-$3.190B (Prior $3.135B-$3.170B), EPS of $4.96-$5.00 (Prior $4.85-$4.93), Gross Margin of 58.6%-58.7% (Prior 58.3%-58.6%)

+0.22%

Lululemon Athletica Inc

LULU

206.74

+0.22%

lululemon athletica inc. (NASDAQ:LULU) today announced that, for the fourth quarter of fiscal 2023, the Company now expects net revenue will be in the range of $3.170 billion to $3.190 billion, representing a 14% to 15% increase compared to the fourth quarter of fiscal 2022. The previous guidance range was $3.135 billion to $3.170 billion.

Diluted earnings per share are now expected to be in the range of $4.96 to $5.00 for the fourth quarter of fiscal 2023 compared to the Company's previous guidance range of $4.85 to $4.93.

The Company now expects gross margin to be in the range of 58.6% to 58.7% for the fourth quarter of fiscal 2023, compared to its previous guidance of 58.3% to 58.6%. There is no change to the Company's previous guidance for selling, general, and administrative expenses or effective tax rate.

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