Lululemon Stock Surges 10% After Boosting Profit Outlook: Can It Outpace Alo and Vuori?
San Diego, Calif. – Lululemon’s stock surged more than 10% in after-hours trading following the company’s announcement of an increase in its full-year profit outlook and a $1 billion boost to its stock repurchase program. The company revised its full-year earnings per share forecast to a range of $14.27 to $14.47, up from the previous estimate of $14 to $14.20, while maintaining its revenue forecast between $10.7 billion and $10.8 billion. Despite concerns over slowing …