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Lululemon Raises Annual Revenue Forecast on Strong Demand for Sportswear

Lululemon store — Lululemon raises annual revenue forecast on strong demand for sportswear. (Shutterstock)

Reuters

09 December 2022

Lululemon Athletica Inc raised full-year revenue forecast on Thursday, signaling strong demand from affluent US consumers for its high-priced yoga pants, running shorts and belt bags.

The company now expects full-year 2022 revenue between $7.94 billion and $7.99 billion, up from prior forecast of $7.87 billion to $7.94 billion.

By Ananya Mariam Rajesh; Editor: Maju Samuel

Learn more:

Lululemon Aims to Double Sales by 2026

Lululemon Athletica Inc. outlined a five-year plan intended to double sales to $12.5 billion by 2026, in part by expanding its offerings to men.

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