Lululemon says holiday season was better than expected, raises earnings and revenue guidance
1. Lululemon raised Q4 earnings and revenue guidance due to strong shopper response. 2. Expected Q4 sales growth is now between 11% and 12%, higher than previous guidance. 3. Earnings per share forecast increased to $5.81 to $5.85, from $5.56 to $5.64. 4. Gross margins expected to grow by 0.3 percentage points, reversing earlier decline prediction. 5. Retail sales during the holiday season showed positive preliminary signs despite cautious outlook.