lululemon athletica inc lulu revised its fourthquarter guidance on monday by raising its revenue guidance tweaking its pershare earnings guidance to a tighter range and lowering margin guidance the yoga wear company now expects revenue to range from 2660 billion to 2700 billion up from prior guidance of 2605 billion to 2655 billion it expects eps of 422 to 427 compared with prior guidance of 420 to 430 the company expects gross margins to decline 90 basis points to 110 basis points compared with prior guidance of a rise of 10 basis points to 20 basis points “however the company now expects that it will further leverage selling general and administrative expenses 100120 basis points compared to its previous expectation of 3050 basis points of leverage” the company said in a statement released ahead of an investor conference lululemon stock slid 8 premarket and are down 7 in the last 12 months through friday’s close while the sp 500 spx has fallen 17