lululemon athletica, Inc. (NASDAQ:LULU) is seeing a surge in shares pre-market today. The Yoga apparel and class operator raised its prior guidance. lulu said its comparable store sales are now expected to show percentage growth in the mid-30’s over the same period last year, above the previous guidance of growth in the mid to high teens.
lulu’s revised guidance is attributable primarily to strong sales volumes. Interestingly enough it also said that an additional benefit came from the impact on sales of a strengthening Canadian dollar against the U.S. dollar. On a constant dollar basis, the revised guidance translates into a mid-20’s percentage increase over 2006. Even though the increase in sales is expected to be partially offset by the currency impact on SG&A costs incurred in Canada, the Company expects to exceed its previous guidance of $0.05 to $0.06 EPS for the third quarter.
LULU shares are trading up over 9% at $45.00 in pre-market trading, still under the $48.58 highs since the company’s stellar IPO this morning.
- Initial Research Calls on LULU;
- Cramer thinks its the next hot apparel company;
- Its first earnings report.
Jon C. Ogg
October 16, 2007
Travel Cards Are Getting Too Good To Ignore
Credit card companies are pulling out all the stops, with the issuers are offering insane travel rewards and perks.
We’re talking huge sign-up bonuses, points on every purchase, and benefits like lounge access, travel credits, and free hotel nights. For travelers, these rewards can add up to thousands of dollars in flights, upgrades, and luxury experiences every year.
It’s like getting paid to travel — and it’s available to qualified borrowers who know where to look.
We’ve rounded up some of the best travel credit cards on the market. Click here to see the list. Don’t miss these offers — they won’t be this good forever.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.