Lululemon Athletica Q1 Earnings Highlights: Revenue And EPS Beat, Guidance Update And More
Portfolio Pulse from Chris Katje
Lululemon Athletica (NASDAQ:LULU) reported Q1 revenue of $2 billion, up 24% YoY, beating the Street consensus estimate of $1.92 billion. EPS was $2.28, surpassing the estimate of $1.98. The company expects Q2 revenue to be between $2.14 billion and $2.17 billion, with full-year revenue ranging from $9.44 billion to $9.51 billion.
June 01, 2023 | 8:25 pm
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Lululemon's Q1 revenue and EPS beat estimates, with strong growth in both North America and International segments. Shares are up 11% in after-hours trading.
Lululemon's Q1 results exceeded expectations, with revenue and EPS surpassing estimates. The strong performance in both North America and International segments, along with positive guidance for Q2 and the full year, indicate a positive short-term impact on the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100