Lululemon Athletica provides updated Q4 guidance

Lululemon Athletica has updated its net revenue and earnings guidance for the fourth quarter of fiscal 2014 ending February 1, 2015. For the fourth quarter, the company now anticipates that net revenue will be in the range of 595 million dollars to 600 million dollars based on a total comparable sales increase between 6 to 7 percent on a constant dollar basis. This compares to the company's previous guidance of net revenue in the range of 570 million dollars to 585 million dollars based on a total comparable sales increase in the low single digits on a constant dollar basis.