What To Expect From Lululemon's Q2? Analyst Sees Momentum, New Stores and Global Expansion
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Telsey Advisory Group analyst Dana Telsey reiterated an Outperform rating on Lululemon Athletica Inc. (NASDAQ:LULU) with a price target of $430. The analyst is optimistic about LULU's Q2 2023 results, expecting a Q2 total sales growth of 16.1% Y/Y to $2.170 billion, and an EPS of $2.52. LULU is also expected to open nine new stores in Q2, with a total of 50 new stores in 2023.
August 25, 2023 | 7:07 pm
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Lululemon Athletica Inc. is expected to have strong Q2 2023 results, with a predicted total sales growth of 16.1% Y/Y to $2.170 billion, and an EPS of $2.52. The company is also expected to open nine new stores in Q2, and a total of 50 new stores in 2023.
The analyst from Telsey Advisory Group has given an Outperform rating on LULU, indicating a positive outlook for the company. The expected increase in sales and EPS, along with the expansion of new stores, suggests potential growth for the company, which could positively impact the stock price.
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