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Strong Results, Optimistic Guidance Drove Lululemon Stock Higher

Strong Results, Optimistic Guidance Drove Lululemon Stock Higher

Buoyed by its first-quarter performance, Lululemon Athletica’s (LULU) management raised the company’s 2018 guidance. The updated guidance reflects a 15% increase at the midpoint compared to last year and assumes a high-single-digit growth in comparable sales. The effective tax rate for the year is projected at 30% compared to 29% guided earlier.