Tuesday, October 16, 2007

lululemon puts the squeeze on all haters

Yeah baby! To the shorties, the analysts and writers who have been panning lululemon athletica, good for you.

lululemon athletica inc. Raises Third Quarter Comparable-Store Sales Outlook

VANCOUVER, British Columbia--(BUSINESS WIRE)--lululemon athletica inc. (NASDAQ: LULU - News; TSX: LLL - News) today announced that comparable store sales for Fiscal 2007 third quarter ended October 31, 2007 are now expected to show percentage growth in the mid-30's over the same period last year, compared to previous guidance of growth in the mid to high teens. The Company's revised guidance is attributable primarily to strong sales volumes, with additional benefit coming from the impact on sales of a strengthening Canadian dollar against the U.S. dollar. On a constant dollar basis, the revised guidance translates into a mid-20's percentage increase over 2006. Even though the increase in sales is expected to be partially offset by the currency impact on SG&A costs incurred in Canada, the Company expects to exceed its previous guidance of $0.05 to $0.06 EPS for the third quarter.

All the bogus reporting by the likes of Suzane Kapner of Fortune is being held to the fire right now. Where they get their figures and estimates from when the Co obviously is kicking serious ass ... will we ever know? It doesn't matter now. The Co will be part of the Wachovia Consumer Growth Conference tomorrow in the Big Apple. Anyone who hasn't covered his short by then will be sour for sure.

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