Lululemon Athletica now expects fourth-quarter net revenue to be toward the low end of its range of $2.13bn-$2.17bn with Omicron contributing to issues such as supply constraints.

Diluted earnings per share and adjusted diluted earnings per share are forecast to be toward the low end of its ranges of $3.24-$3.31 and $3.25-$3.32, respectively.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

CEO Calvin McDonald said the company is closing out a strong 2021 in the coming weeks, and is pleased with how it has delivered over the course of the year.

“We started the holiday season in a strong position but have since experienced several consequences of the Omicron variant, including increased capacity constraints, more limited staff availability, and reduced operating hours in certain locations,” he added

Last month, Lululemon raised its full-year guidance on the back of an almost 30% hike in third-quarter sales and a positive early holiday season performance.

For the third quarter of fiscal 2021, Lululemon said net revenue increased 30% to $1.5bn. On a constant dollar basis, sales were up by 28%.
Net income for the period amounted to $187.79m, marking a 30.7% increase from $143.64m a year earlier.
Meanwhile, reports last week claimed US sportswear giant Nike, Inc has filed a lawsuit against Lululemon, alleging its at-Home Mirror fitness device and related mobile applications infringe on the patents it holds.
Nike alleges the Lululemon Mirror infringes on a patent application it filed in 1983 on a device for determining a runner’s speed, distance traversed, elapsed time and calories expended, according to CNBC. It has also since launched a range of popular mobile apps such as Nike Run Club and Nike Training Club.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.