The stock of "athleisure-wear" pioneer lululemon athletica (NASDAQ: LULU) ended Monday slightly down after the company lifted the lower end of its revenue and profitability guidance for the current quarter.  

Lululemon now says it expects to turn in a top line between $775 million and $785 million for the fourth quarter of fiscal 2016; its previous estimated range was $765 million to $785 million. Earnings per share are forecast to land in the $0.99 to $1.01 range -- again raising the bottom end of the previous estimate, which was $0.96.

Much of this was apparently due to customers choosing Lululemon for their holiday gift needs. "We had a strong holiday season in both our store and digital channels driven by our assortment, operational execution and guest experience," CEO Laurent Potdevin said in the press release updating the figures.

The company's stock has been popular lately, thanks in no small part to exceedingly good third-quarter results. For that period, Lululemon delivered 13% year-over-year revenue growth (to over $544 million), and an adjusted bottom line ($68 million -- $0.50 per share, or $0.47 on an adjusted basis) that beat both its own guidance, and analysts' average estimate. The stock price jumped by a mighty 25% in the wake of that earnings report, and has generally held its value since then.

That stock's performance has been volatile, however. Over the past year its price has ranged from just under $53 per share to almost $82; at the moment, it trades at a bit over $68.

Lululemon's fourth quarter ends on Jan. 29. For its fiscal 2016, the company expects to post $2.32 billion to $2.34 billion in revenue, with adjusted EPS coming in at $2.11 to $2.16

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Eric Volkman has no position in any stocks mentioned.

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