Lululemon Athletica forecasts first-quarter revenue above estimates

FILE PHOTO: A sign for a Lululemon retail shop is reflected in the store’s window at a shopping mall in San Diego, California, U.S. December,19 2018. REUTERS/Mike Blake/File Photo

(Reuters) – Lululemon Athletica Inc forecast first-quarter revenue above analysts’ estimates on Tuesday, as it expects sustained demand for leggings and sports bras from consumers looking for comfortable home-exercise apparel.

Lululemon said it expects first-quarter revenue of $1.10 billion to $1.13 billion, compared with analysts’ average estimate of $999.5 million, according to IBES data from Refinitiv.

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