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Lululemon Stock Surges 10% After Boosting Full-Year Profit Outlook and Expanding Buyback Program




Lululemon's stock soared over 10% in after-hours trading following an upward revision of its full-year profit forecast and a $1 billion increase in its stock repurchase program. The company now expects earnings per share between $14.27 and $14.47, up from $14 to $14.20, while maintaining its revenue forecast of $10.7 billion to $10.8 billion. 


Despite concerns over slowing sales growth amid competition from brands like Alo and Vuori, Lululemon reported better-than-expected earnings for the first quarter, with revenue of $2.21 billion and earnings per share of $2.54. CEO Calvin McDonald emphasized growth potential and plans to address sales challenges in women's clothing.





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