Lululemon shares rise after yoga chain hikes sales forecast

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Lululemon averred it saw strong sales this holiday season. (Lucas Jackson/Reuters)

Dues in Lululemon Athletica inc. rose sharply in after-hours trading Monday after the Vancouver-based activewear retail declared improved guidance for its fiscal fourth quarter.

The com ny said in a U.S. Convictions and Exchange Commission filing issued after markets closed that it now counts net revenue for the quarter ending Jan. 31 will be in the range of $690 million to $695 million US, up from aforementioned guidance of $670 million to $685 million US.

That would be an flourish of about 15 per cent com red with the fourth quarter of pecuniary 2014 or 19 per cent on a constant currency basis.

Diluted earnings per division are expected to be between 78 and 80 cents US for the quarter, up from whilom guidance of 75 to 78 cents.

“We had a very successful holiday mellow driven by strong execution in stores and online during the key holiday weeks,” CEO Laurent Potdevin revealed in a statement.

“Sales for the fourth quarter are exceeding expectations and gross rtition line rates and expenses remain in line with prior guidance.”

On the Nasdaq, Lululemon helpings closed up 82 cents or 1.52 per cent at $54.73 on Monday. Nevertheless, in early after-hours trading, the stock surged $4.24 or 7.75 per cent to $58.97.

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