Lululemon Athletica forecasts first-quarter income above estimates

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Lululemon Athletica forecasts first-quarter income above estimates

March 30 (Reuters) - Lululemon Athletica Inc LULU.O


March 30 (Reuters)Lululemon Athletica Inc LULU.O forecast first-quarter income above analysts’ estimates on Tuesday, because it expects sustained demand for leggings and sports activities bras from shoppers searching for snug home-exercise attire.

Lululemon mentioned it expects first-quarter income of $1.10 billion to $1.13 billion, in contrast with analysts’ common estimate of $999.5 million, in keeping with IBES knowledge from Refinitiv.

(Reporting by Uday Sampath and Mehr Bedi in Bengaluru; Enhancing by Vinay Dwivedi)

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