Lululemon Athletica Inc. shares jumped after hours on Thursday after the yoga-wear maker and retailer forecast full-year sales and profit that were above expectations, after strong gains in China’s reopened economy helped propel first-quarter results.
The company said it expected full-year sales of $9.44 billion to $9.51 billion, above FactSet estimates for $9.37 billion. Executives said they expect Lululemon LULU to earn $11.74 to $11.94 a share, also above Wall Street’s expectations for $11.60 a share.
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