Lululemon Stock Draws Praise From Analysts After Q1 Results: 'Ample Runway For Growth'
Portfolio Pulse from Chris Katje
Lululemon Athletica Inc (NASDAQ:LULU) reported Q1 financial results that beat Street consensus estimates for both revenue and earnings per share. Analysts are upgrading their price targets after the quarterly results. The company saw strong growth in both stores and e-commerce, with strong traffic growth of 30% in both channels.
June 02, 2023 | 4:45 pm
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Lululemon's Q1 results beat estimates, with strong growth in stores and e-commerce. Analysts are upgrading their price targets after the quarterly results.
Lululemon's Q1 results exceeded expectations, with strong growth in both stores and e-commerce. This positive performance has led analysts to upgrade their price targets, which is likely to have a positive short-term impact on the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100