lululemon said it now expects fourth-quarter fiscal 2023 net revenue of $3.170 billion to $3.190 billion, a 14% to 15% increase over fourth-quarter fiscal 2022. Its previous guidance range was $3.135 billion to $3.170 billion.

1. 01

   lululemon said it now expects fourth-quarter fiscal 2023 net revenue of $3.170 billion to $3.190 billion, a 14% to 15% increase over fourth-quarter fiscal 2022. Its previous guidance range was $3.135 billion to $3.170 billion.

2. 02

   The company said it expects fiscal 2023 fourth-quarter diluted earnings per share to be in the range of $4.96 to $5.00. Its previous range was $4.85 to $4.93.

3. 03

   The company said it expects gross margin of 58.6% to 58.7% for fiscal 2023 Q4. Its previous outlook was 58.3% to 58.6%, and it said there was no change to its outlook for selling, general and administrative expenses or its effective tax rate.

4. 04

   The company said Chief Financial Officer Meghan Frank commented that she is pleased with holiday season performance, with guests continuing to respond well to its products, and that sales trends are balanced across channels, categories and geographies. The company said management will meet with analysts and investors at the ICR Conference on January 2024, 8 to 10.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

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Original filing

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