Lululemon raises full-year forecasts, unaffected by inflation, China curbs

Lululemon, like many other U.S. companies, has been raising prices on selective products to offset higher costs arising from global supply chain disruptions. Picture: Gerard McCarthy 

Lululemon Athletica on Thursday raised its full-year revenue and profit forecasts on strong demand for athleisure, and said the impact from COVID-19-related lockdowns in China was modest and more than offset by strength in other regions.

Affluent U.S. customers have been helping the premium sportswear maker sustain the sales momentum it attained during the peak of the pandemic despite recent price hikes as they remain unaffected by decades-high inflation in the country.