Lululemon Athletica designs, manufactures, and distributes athletic apparel and accessories for women, men, and female youth. It operates through two segments, corporate-owned stores and direct-to-consumer. The company was founded in 1998 and is based in Vancouver, Canada.
Lululemon Athletica now expects 4Q sales and earnings to be at the high end of its previous guidance range as the athletic apparel and accessories retailer benefited from strong demand during the holidays. Previously, Lululemon (LULU) had projected sales to grow in the mid-to-high teens range on a year-on-year basis. For adjusted earnings per share, the company had forecasted year-over-year growth in the mid-single digits. Lululemon said that strong demand during the holiday shopping season and strength at its digital and physical stores drove growth during the fourth quarter. Furthermore, the company remains optimistic about growth opportunities in 2021. (See LULU stock analysis on TipRanks) On Dec.