Key Takeaways

Exercise apparel retailer Lululemon Athletica ( LULU ) lifted its sales and earnings per share (EPS) projections for the fourth quarter on Monday following a strong holiday shopping season.

The company expects Q4 revenue between $3.56 billion to $3.58 billion, up from $3.475 billion to $3.51 billion previously. That puts the company's sales expectations above the $3.52 billion consensus projection of analysts compiled by Visible Alpha.

Lululemon also lifted its EPS guidance to $5.81 to $5.85 per share, up from the previous range $5.56 to $5.64 and the $5.64 expected by analysts.

CFO Says 'Guests Responded Well to Our Product Offering'

"During the holiday season, our guests responded well to our product offering, enabling us to increase our fourth-quarter guidance," Lululemon CFO Meghan Frank said.

Lululemon made the adjustment ahead of management's meetings with investors and analysts at this week's ICR Conference in Orlando, Fla.

Shares were little changed about an hour after the opening bell Monday.

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