(Reuters) – Lululemon Athletica (NASDAQ:) raised its full-year income and revenue forecast on Thursday, as demand for its high-priced yoga pants and operating shorts from prosperous U.S. clients stays robust.

The shoppers, largely unaffected by a decades-high inflation, are fortunately operating excessive payments at Lululemon regardless of current value hikes, serving to the corporate keep the pandemic-induced increase in gross sales of its snug sportswear.

The athletic put on maker, like many different U.S. corporations, has been elevating costs on selective merchandise to offset greater freight and manufacturing costs arising from international provide chain disruptions.

Lululemon on Thursday forecast current-quarter income and revenue above estimates and beat first-quarter earnings estimates.

Shares of the corporate rose about 2% in prolonged buying and selling. They have been down 23% this yr.

Lululemon expects full-year 2022 income between $7.61 billion and $7.71 billion, up from its prior forecast of $7.49 billion to $7.62 billion.

It additionally sees revenue between $9.42 and $9.57 per share, in contrast with its earlier forecast of $9.15 to $9.35.

Nevertheless, rival corporations Below Armour (NYSE:) and Adidas (OTC:) flagged successful to enterprise from renewed COVID-19 curbs in China. Below Armour forecast full-year revenue beneath estimates because it additionally grapples with greater transportation prices.

Lululemon, in the meantime, additionally forecast 2022 adjusted revenue between $9.35 and $9.50 per share, above analysts’ common estimate of $9.28 per share, in line with IBES information from Refinitiv.

Excluding objects, Lululemon earned $1.48 per share within the first quarter, beating estimates of $1.43 per share.