Lululemon raises Q4 EPS view to $4.96-$5.00 from $4.85-$4.93, consensus $4.97

Raises Q4 revenue view to $3.17B-$3.19B from $3.135B-$3.17B, consensus $3.18B. The company now expects gross margin to be in the range of 58.6% to 58.7% for the fourth quarter of fiscal 2023, compared to its previous guidance of 58.3% to 58.6%. There is no change to the company’s previous guidance for selling, general, and administrative expenses or effective tax rate. Meghan Frank, CFO, commented: “We are pleased with our performance during the holiday season, as guests continue to respond well to our innovative and versatile product offerings. Our sales trend remains balanced across channels, categories, and geographies, enabling us to raise our guidance for the fourth quarter and close out another strong year.”