Lululemon Exceeds Q3 Estimates, CEO Expresses Caution For Shorter Holiday Season

2024-12-06 148

Lululemon exceeded earnings and revenue expectations in the fiscal third quarter, outperforming analyst forecasts. CEO Calvin McDonald expressed caution for the fourth quarter due to a shorter holiday season. Lululemon projects modest revenue growth for the holiday quarter, aligning closely with analyst expectations. Its projected earnings per share slightly exceed analyst expectations at the higher end of its forecast range. Shares rose 8% in extended trading.