lululemon athletica inc Raises Q4 2011 Guidance; Raises Comparable-Store Sales Guidance

lululemon athletica inc announced that for the fourth quarter of 2011, the Company now expects diluted earnings per share (EPS) to be in the range of $0.47 to $0.49 as compared to its previous guidance range for diluted EPS of $0.40 to $0.42. The Company now expects net revenue to be in the range of $358 million to $363 million for the fourth quarter of fiscal 2011. This compares to the Company's previous guidance of net revenue in the range of $327 million to $332 million for the quarter. Comparable-store sales for the fourth quarter of 2011 are expected to reflect a low-to-mid twenties percentage increase on a constant-dollar basis. This compares to the Company's previous guidance of low to mid-teens comparable-store sales for the fourth quarter of fiscal 2011.