The Financial Post reports in its Saturday, June 3, edition that Lululemon athletica jumped the most in three years after posting a strong start to 2023 and projecting a better-than-expected full-year outlook. A Bloomberg dispatch to the Post reports that earnings and comparable sales surpassed the average estimate of analysts in the company's first quarter. For the full year, Lululemon now expects revenue to be as high as $9.5-billion (U.S.), compared with a prior estimate of as much as $9.4-billion (U.S.). Guidance for the second quarter also came in above analyst estimates. Lululemon shares surged as much as 18 per cent in New York on Friday, the most since the onset of COVID-19. The stock had gained 2.5 per cent this year through Thursday's close. The results point to continuing strength for the brand, sidestepping the softness that has derailed other retailers. William Blair analyst Sharon Zackfia wrote in a research note, "In contrast to many retailers, Lululemon posted a strong first quarter that should silence most skeptics." Bloomberg says Lululemon's results stand out among other apparel retailers, which largely have reported comparable-sales declines in the first quarter.