William Blair analysts revised their estimates for Lululemon Athletica (NASDAQ:LULU) upwards, anticipating strong holiday sales, according to a recent client note. The analysts expressed confidence in Lululemon’s continued robust performance in December. The firm expects the company to increase its fourth-quarter sales and earnings forecasts around the time of the ICR Conference, scheduled from Jan 8 to 10.

The analysts noted a contrast to last year’s severe winter weather, highlighting that both the U.S. and Canada experienced milder weather before Christmas this year. This, combined with observed high store traffic during pre- and post-Christmas periods and limited markdown activity before Christmas, supports their optimistic view.

Consequently, William Blair now projects nearly 16% revenue growth in the fourth quarter, up from the previous 15% estimate and surpassing the company’s guidance of 13% to 14%. The firm has also raised its fourth-quarter EPS forecast to $5.02, which is a 14% increase and higher than the consensus of $4.95 and Lululemon’s guidance of $4.85 to $4.93.

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