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Lululemon boosts outlook as overseas sales blunt US softness

Bloomberg
Bloomberg • 2 min read
Lululemon boosts outlook as overseas sales blunt US softness
The stock has declined 33% so far this year through Thursday’s close, compared with a 27% gain for the S&P 500 Index. Photo: Bloomberg
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Lululemon Athletica edged up its full-year outlook on strong sales overseas, a sign the upscale activewear brand is fending off upstart competitors and navigating slower growth in consumer spending. 

The company now sees between US$10.45 billion ($14 billion) and US$10.49 billion in revenue for its current fiscal year, up from a prior range of US$10.38 billion to US$10.48 billion.

In the third quarter, the company posted strong comparable-sales growth in international markets and a decline in the Americas. 

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