Lululemon Athletica Inc. has raised its fourth-quarter fiscal 2024 earnings and revenue guidance ahead of the ICR Conference, citing stronger-than-expected holiday sales. The company now expects adjusted earnings per share to be between $5.81 and $5.85, up from its prior guidance of $5.56 to $5.64, exceeding the consensus estimate of $5.66. Revenue is projected to range from $3.56 billion to $3.58 billion, compared to the previous outlook of $3.475 billion to $3.51 billion, surpassing the consensus estimate of $3.47 billion. Lululemon also improved its gross margin forecast by 30 basis points. Following the announcement, shares initially rose, reaching over $400, but later turned lower.