Retail Stock Winners & Losers: Tiffany

(Retail winners and losers article updated with Supervalu earnings.)

NEW YORK ( TheStreet) -- Retailers provided more color on fourth-quarter earnings, with some expecting a brighter quarter and others predicting they will miss the mark.

Lululemon Athletica ( LULU) is surging in after-hours trading as the company upped its outlook for the remainder of the year.

The yoga-inspired retailer now expects fourth-quarter earnings in the range of 55 cents to 57 cents a share, from prior outlook of 46 cents to 48 cents.

"We are wrapping up another record year for Lululemon, one in which we were able to drive strong earnings growth due to exceptional results across our retail and e-commerce channels," CEO Christine Day said in a statement. "In 2010, we were able to strengthen our brand awareness while making key investments for the future. We will be chasing inventory for the remainder of the fourth quarter and into the spring season, and in the near term will be focused once again on matching supply with demand."

Shares of Lululemon are spiking 7% to $71.94 after the close.**

Tiffany ( TIF) raised its full-year guidance following better-than-expected holiday sales. The company now expects to earn between $2.83 and $2.88 a share for the year, from a prior outlook of $2.72 to $2.77 a share.

It is also looking for revenue of $3.1 billion, better than the $3.05 billion Wall Street forecasts.

This is yet another sign that luxury shopper is leading the recovery.

Sears ( SHLD) is also jumping before the bell, after saying that it foresees its fourth-quarter and full-year earnings to come in ahead of consensus estimates.

The department store is calling for a full-year profit of $1.16 to $1.88 a share, significantly higher than the 88 cents analysts forecast. For the fourth quarter, Sears predicts earnings in the range of $3.39 to $4.12 a share, compared with Wall Street's outlook of $3.12 a share.

The company also said December same-store sales slipped 1.7%. By division, namesake stores fell 6%, while Kmart rose 2.3%.

Shares of Sears ended the day up 6.3% to $75.03.

But Talbots ( TLB) isn't voicing the same optimism, and the stock is taking a major hit.

Shares of the women's apparel retailer plunged 17.4% to $6.25 after it cut its fourth-quarter outlook, blaming a decline in same-store sales.

Talbots said comparable sales dropped 6% so far in the fourth quarter, as shoppers did not react favorably to its merchandise assortment. As a result, management was forced to cut prices during the last two weeks of the holiday season.

The company now expects a fourth-quarter loss between 15 cents and 19 cents a share, from its prior guidance of a loss of between 3 cents and 5 cents a share. Wall Street is looking for a much smaller loss of 2 cents.

Supervalu ( SVU) also ended the day in the red, after the grocer reported a third-quarter loss and slashed its outlook for the year.

During the quarter, the company lost $202 million, or 95 cents a share, compared with a profit of $109 million, or 51 cents, in the year-ago period. Excluding items, Supervalu actually earned 24 cents a share, but this still fell short of analysts' estimates of 32 cents.

Revenue declined 6% to $8.67 billion, shy of Wall Street's forecast of $8.71 billion. Same-store sales also fell 4.9%.

Looking ahead, Supervalu now expects to earn $1.25 to $1.35 a share on an adjusted basis for the year, versus prior guidance of $1.40 to $1.60 a share. Analysts are looking for earnings of $1.43 a share.

For the fourth quarter, Supervalu forecasts a profit in the range of 30 cents to 40 cents a share, also below Wall Street's outlook of 44 cents a share.

Shares of Supervalu tanked 11.6% to $7.59.

--Written by Jeanine Poggi in New York.

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