lululemon (LULU) Trims Q4 View on Omicron Concerns, Stock Dips
Zacks Investment Research | Jan 11, 2022 05:26AM ET
lululemon athletica inc. .
lululemon was not the only company to have lowered view on concerns regarding the ongoing supply-chain headwinds and the rise of Omicron cases. Abercrombie & Fitch CROX raised its 2021 guidance to reflect strength in the Crocs brand despite the ongoing supply-chain challenges. CROX also reiterated the initially projected view for 2022. It now estimates 2021 revenue growth of 67% compared with growth of 62-65% expected earlier. For the fourth quarter of 2021, the company anticipates revenue growth of 42%.
For 2022, CROX continues to expect revenue growth of more than 20% for the Crocs brand, excluding HEYDUDE. Additionally, Crocs anticipates revenues of $700-$750 million from HEYDUDE in 2022. Driven by the anticipated strength for the Crocs brand, the company reiterated its view of generating $5 billion of revenues by 2026, before including the HEYDUDE revenues.
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