纺织服装行业周报：Lululemon发布FY24Q3季度业绩，小幅上调FY2024收入指引

Investment Rating - The textile and apparel industry maintains an investment rating of "A" [1] Core Insights - Lululemon reported a 9% year-over-year revenue increase to $2.397 billion for FY2024Q3, exceeding previous guidance [3][22] - The company raised its FY2024 revenue guidance to a range of $10.452 billion to $10.487 billion, reflecting a 9% year-over-year growth [2][23] - The North American market showed stable growth, while the Chinese mainland market experienced significant growth, with comparable store sales increasing by 27% [3][22] Summary by Sections Weekly Observation - Lululemon's FY2024Q3 revenue reached $2.397 billion, a 9% increase year-over-year, surpassing prior guidance [3][22] - The company opened 28 new stores, bringing the total to 749, with significant growth in the Chinese market [3][22] Market Review - The SW textile and apparel sector rose by 1.82%, outperforming the Shanghai Composite Index by 0.38 percentage points [24] - Among sub-sectors, SW apparel and home textiles increased by 2.66%, while SW textile manufacturing saw a slight decline of 0.11% [24][30] Industry Data Tracking - In October 2024, China's textile and apparel exports grew by 16.1% and 8.1% year-over-year, respectively [8] - The retail sales of sports and entertainment goods increased by 26.7% year-over-year in October 2024, indicating strong demand resilience [8] Industry News - Guess reported a 13% increase in net sales to $738.5 million for the third quarter of FY2025, despite facing a net loss [72][74] - Cole Haan announced a new distribution partnership with Chinese retailer HiMaxx, aiming to expand its presence in the mainland market [6][72]