Yoga apparel retailer, Lululemon Athletica, has updated its net revenue and earnings guidance for the fourth quarter of FY2016, and raised expectations following strong holiday trade.

For the fourth quarter, Lululemon now anticipates that net revenue will be in the range of $775 million to $785 million based on a total comparable sales increase in the mid-single digits on a constant dollar basis.

This compares to the previous guidance of net revenue in the range of $765 million to $785 million.

The apparel retailer also now expects diluted earnings per share to be in the range of $0.99 to $1.01 for the fourth quarter. The previous EPS guidance for the fourth quarter was a range of $0.96 to $1.01.

“We had a strong holiday season in both our store and digital channels driven by our assortment, operational execution and guest experience,” said Laurent Potdevin, CEO of Lululemon.

“Our entire team is excited about the momentum in the business and I am grateful to our global collective for their great work and enthusiasm. We look forward to 2017 as we continue to advance on our long term goals.”

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