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Bloomberg
Lululemon Athletica Inc rose the most in more than four months after the yogawear company boosted its quarterly sales and profit forecast ahead of the ICR Conference in Orlando this week.
The move follows a series of holiday sales misses last week and prompted a chorus of praise from analysts.
“In what is turning out to be a more mixed holiday for retailers, we view these results as
industry leading,†a MKM Partners analyst wrote.
The company said comparable-store sales increased in the high-single to low-double digits for the current quarter, which ends on February 3.
Lululemon also sees total sales and adjusted profit coming in higher than its previous forecasts.