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Lululemon Athletica Inc.’s stock fell 1.7% in premarket trading on Monday after the company said it could fall a penny short of the FactSet consensus estimate at the low end of its fourth-quarter profit guidance.
Lululemon
LULU,
said it now expects to earn between $4.96 and $5 a share in the fourth quarter, compared to the FactSet consensus estimate of $4.97 a share.
The apparel maker had previously projected fourth-quarter earnings of $4.85 to $4.93 a share.
Lululemon Athletica now expects fourth-quarter revenue of $3.17 billion to $3.19 billion, against the analyst estimate of $3.19 billion. The company’s earlier guidance was for revenue of $3.135 billion to $3.17 billion.
“We are pleased with our performance during the holiday season,” the company said.
Prior to Monday’s moves, Lululemon stock was up 64.4% in the past year, compared to a 20.6% rise by the S&P 500
SPX.
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