Lululemon Athletica Sees Q4 Below View; Cuts FY15 Outlook - Quick Facts

(RTTNews) - Lululemon Athletica Inc. (LULU) said that it expects earnings per share to be in the range of $0.75 to $0.78 for the fourth quarter of fiscal 2015. It projects quarterly net revenue to be in the range of $670 million to $685 million based on total comparable sales in the mid-single digits on a constant dollar basis. Analysts polled by Thomson Reuters expect the company to report earnings of $0.86 per share and revenues of $689.99 million for the fourth-quarter. Analysts' estimates typically exclude special items.

For the full fiscal 2015, the company now expects net revenue to be in the range of $2.025 billion to $2.040 billion based on total comparable sales in the high single digits on a constant dollar basis. Analysts expect annual revenue of $2.05 billion. Previously, the company expected net revenue to be in the range of $2.025 billion - $2.055 billion based on total comparable sales in the high single digits on a constant dollar basis for fiscal year.

Earnings per share are expected to be in the range of $1.81 to $1.84 for the full year, or $1.78 to $1.81 normalized for the tax and related interest adjustments made during the third quarter of fiscal 2015. Analysts expect annual earnings of $1.90 per share. Earlier, the company anticipated annual earnings per share to be in the range of $1.87 - $1.92.