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Lululemon Athletica Inc. expects fourth quarter sales to surpass the market’s expectations, showing the upscale activewear brand is fending off upstart competitors and slower growth in consumer spending.
Revenue will rise between rise between 11 percent to 12 percent and be in the range of $3.56 billion to $3.58 billion, up from previous guidance for revenue of as much as $3.51 billion. That surpassed the average estimate of analysts compiled by Bloomberg.
Shoppers “responded well to our…
