Lululemon Stock Leaps After Q4 Earnings Beat, Solid 2022 Sales Outlook

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By Martin Baccardax Lululemon CEO Calvin McDonald said ‘selective’ price increases will offset the impact of higher freight and input costs. Lululemon Athletica (LULU) – Get Lululemon Athletica Inc Report shares jumped firmly higher Wednesday after it posted stronger-than-expected fourth quarter earnings and said it could offset input cost increases with ‘selective’ price hikes for its athletic and leisure apparel. Vancouver-based Lululemon said 2022 revenues would likely come in between $7.49 billion and $7.62 billion, with adjusted profits in the region of $9.15 and $9.35 per share, followin…

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