On January 9, lululemon Athletica inc. (NASDAQ: LULU) updated its performance forecast for the fourth quarter of the fiscal year 2022. The company now expects that net revenue will be in the range of $2.660 billion to $2.700 billion, representing a 25%-27% increase compared to the fourth quarter of fiscal 2021. The previous guidance range was $2.605 billion to $2.655 billion. However, the gross margin for the fourth quarter of fiscal 2022 is to decline 90-110 basis points compared to its previous expectation for an increase of 10-20 basis points as the apparel maker discounts more and …
