Modelling A.I. in Economics

Lululemon's Yoga Pants Are Still Hot, Despite Inflation and China Slowdown

Lululemon Athletica Inc. (NASDAQ: LULU) on Thursday lifted its annual sales forecast, citing steady demand for its yoga pants and other athletic apparel.

The company now expects full-year revenue of $9.44 billion to $9.51 billion, up from its prior forecast of $9.30 billion to $9.41 billion. Analysts on average had expected revenue of $9.37 billion, according to Refinitiv IBES data.

Lululemon also raised its earnings per share forecast to $4.30 to $4.35, from its prior forecast of $4.20 to $4.25. Analysts on average had expected earnings per share of $4.27.

"We are pleased with our strong performance in the first quarter and our outlook for the remainder of the year," said Calvin McDonald, Lululemon's chief executive officer. "We continue to see strong demand for our products across all of our channels, and we are confident in our ability to deliver on our full-year guidance."

Lululemon's shares rose 4.5% in extended trading.

The company's results come as the athletic apparel industry is facing some headwinds, including rising inflation and a slowdown in China. However, Lululemon has been able to offset these challenges by expanding its product offerings and opening new stores.

Lululemon is also benefiting from the growing popularity of athleisure, which is a trend that has seen people wearing athletic apparel for everyday activities, such as running errands or going to work.

Lululemon's strong results are a positive sign for the athletic apparel industry. The company's success suggests that there is still strong demand for athletic apparel, even in the face of some headwinds.

People also ask

⚐ What are the top stocks to invest in right now?
☵ What happens to stocks when they're delisted?
This project is licensed under the license; additional terms may apply.