{"id":1630127,"date":"2022-09-01T18:34:48","date_gmt":"2022-09-01T22:34:48","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1630127"},"modified":"2022-09-01T18:34:59","modified_gmt":"2022-09-01T22:34:59","slug":"lululemon-lifts-annual-forecasts-as-affluent-shoppers-snap-up-new-launches","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/lululemon-lifts-annual-forecasts-as-affluent-shoppers-snap-up-new-launches\/","title":{"rendered":"Lululemon lifts annual forecasts as affluent shoppers snap up new launches"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">22<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Flululemon-lifts-annual-forecasts-as-affluent-shoppers-snap-up-new-launches%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1630127&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>(Reuters) -Lululemon Athletica Inc on Thursday raised its annual profit and revenue forecasts as demand from affluent customers for its new belt bags, golf and tennis clothing cushions the blow from a cut in spending by lower-income households.    <\/p>\n<p>Shares in Lululemon, which also posted upbeat second-quarter results, rose nearly 8% in extended trading.<\/p>\n<p>Higher-income households have largely shrugged off the impact of steeper prices of everyday essentials to splurge on discretionary goods including apparel and bags, buoyed by their savings during the lockdowns.<\/p>\n<p>Lululemon has tapped into its loyal customers by entering categories including footwear and expanding its men\u2019s line to sustain its athleisure-led pandemic sales momentum, outperforming peers Athleta and Sweaty Betty in 2022 so far.<\/p>\n<p>Analysts have also said discounts at Lululemon, which has a relatively fresh stock, have risen only marginally in recent weeks while other apparel retailers have had to cut prices sharply to offload out-of-style inventory.<\/p>\n<p>Boosted by a strong second quarter, Lululemon raised its net revenue forecast for 2022 to between $7.87 billion and $7.94 billion from $7.61 billion to $7.71 billion.<\/p>\n<p>The company forecast 2022 adjusted earnings per share between $9.75 and $9.90, compared with its previous outlook of $9.35 to $9.50.<\/p>\n<p>Wall Street analysts expect annual earnings of $9.44 per share on net revenue of $7.69 billion, according to IBES data from Refinitiv.<\/p>\n<p>The company\u2019s second-quarter net revenue rose 29% to $1.87 billion, beating estimates of $1.77 billion.<\/p>\n<p>Net income for the quarter rose to $289.5 million, or $2.26 per share, from $208.1 million, or $1.59 per share, a year earlier.<\/p>\n<p> (Reporting by Praveen Paramasivam in Bengaluru; Editing by Vinay Dwivedi)<\/p>\n<p><a href=\"https:\/\/www.oann.com\/?attachment_id=2744073\"><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/09\/tagreuters.com2022binary_LYNXMPEI8027G-VIEWIMAGE.jpg\" alt=\"tagreuters.com2022binary_LYNXMPEI8027G-VIEWIMAGE\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Reuters) -Lululemon Athletica Inc on Thursday raised its annual profit and revenue forecasts as demand from affluent customers for its new belt bags, golf and tennis clothing cushions the blow<\/p>\n","protected":false},"author":66,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1630127","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1630127","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1630127"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1630127\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1630127"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1630127"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1630127"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}