Shares of yoga apparel retailer Lululemon are down more than 10% in premarket trading.
Q3 sales increased 31% to $230.2 million. Comparable stores sales jumped 16%.
EPS was 27 cents, which beat expectations by 2 cents.
"We are proud to have produced another very healthy quarter of financial results," said CEO Christine Day. "We are set to finish 2011 with a stronger brand, a stronger organization and we remain focused on our strategic growth opportunities."
However, Q4 guidance was disappointing. Management expects $327 million to $332 million in sales on low double-digit comparable store sales growth. EPS guidance of 40 to 42 cents compares to Wall Street's estimate of 42 cents.
Please follow Money Game on Twitter and Facebook.
