January 14, 2019 / 11:15 AM / 5 days ago

Lululemon raises quarterly profit forecast

Jan 14 (Reuters) - Canadian athletic apparel maker Lululemon Athletica Inc on Monday raised its fourth-quarter profit forecast, helped by strong sales during the holiday season.

The company now expects earnings of $1.72 to $1.74 per share, compared with $1.64 to $1.67 per share estimated previously.

“The momentum in our business remained strong throughout the holiday season,” Chief Executive Officer Calvin McDonald said. (Reporting by Arundhati Sarkar in Bengaluru; Editing by Anil D’Silva)

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