Lululemon Athletica shares were up 9.1% in Thursday premarket trading after the athletic company reported a higher-than-expected profit for the third quarter ended October 29, 2017.
Total comparable sales increased 8%, or increased 7% on a constant dollar basis and comparable store sales increased 2%, or increased 1% on a constant dollar basis.
Vancouver-based Lululemon said that its holiday season was off to a great start, with the company experiencing its highest traffic and largest sales ever on Black Friday and on Cyber Monday.
The company said it expects holiday-quarter sales of $870m to $885m and an adjusted profit of $1.19 to $1.22 per share.
Susquehanna Financial Group analysts, led by Sam Poser, said: "Lululemon is firing on all cylinders. Improvements up and down the supply chain, strengthening customer engagement, and a burgeoning digital presence are driving solid results across geographies."