lululemon Had 'A Very Successful Holiday Season'

Shares of lululemon athletics inc.

have been bid up nearly $4 in Monday's after-hours session as traders and investors are responding to boosted fourth-quarter guidance. The company i snow looking for quarterly sales in the range of $690 million to $695 million, up from the prior outlook of $670 million to $685 million, and compared to the currently analyst consensus estimate of $678 million. Total comps are expected to be up in the high-single digit range. Expected earnings per share were also raised, from $0.75-$0.78 to $0.78-$0.80. The sell-side consensus is for EPS of $0.78. lululemon's CFO Laurent Potdevin attributed the strength to "a very successful holiday season driven by strong execution in stores and online during the key holiday weeks. "We are looking forward to 2016 and will enter the year with a very strong leadership team across the company that is relentlessly driving our strategic priorities and long term vision," the exec concluded. lululemon shares were last indicated at $58.48, up almost 7 percent from Monday's closing price of $54.73.