lululemon athletica inc. (LULU,LLL.TO) announced that raised its third-quarter earnings outlook to a range of $0.17 - $0.19 per share, from the previous range of $0.11 - $0.13 per share. The Company's improved guidance reflects stronger than anticipated net revenues for the quarter.
The Company now expects third-quarter net revenue to be in the range of $110 million to $112 million, compared to its previous range of $95 million to $100 million.
Analysts polled by Thomson Reuters expect the company to report earnings of $0.14 per share on revenues of $98.93 million for the third-quarter. Analysts' estimates typically exclude special items.
Comparable-store sales for the third quarter of fiscal 2009 are expected to reflect a high-single digit increase on a constant-dollar basis compared to the third quarter of fiscal 2008. This compares to the Company's previous guidance of relatively flat comparable store sales for the third quarter of fiscal 2009.
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