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Lululemon shares rise after profit outlook, buyback lifted
Shares up 3.7% (Il Sole 24 Ore Radiocor) - New York, 06 Jun - Shares in Lululemon Athletica were higher in early trading after the sportswear maker lifted its full-year profit guidance and raised its share buyback plan by 1 billion dollars.
The company said it expects its diluted earnings per share for the year to be in the range of 14.27-14.47 for the year, up from a prior range of 14.0-14.2.
It confirmed net revenue to be in the range of 10.7-10.8 billion dollars, representing growth of 11-12%.
At 1345 GMT Lululemon shares were up 3.7%.
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(RADIOCOR) 06-06-24 15:46:08 (0525) 5 NNNN