Lululemon Q3 Earnings Rundown: EPS Beat, Comparable Sales Up 11%, Strong Guidance
Portfolio Pulse from Adam Eckert
Lululemon Athletica Inc reported Q2 financial results with an 18% YoY increase in revenue to $2.21 billion, beating the consensus estimate of $2.17 billion. The company reported quarterly earnings of $2.68 per share, beating analyst estimates of $2.54 per share. North American revenues were up 11% YoY, while international revenues climbed 52%. The company expects Q3 revenue to be between $2.165 billion and $2.19 billion, and full-year revenue to be between $9.51 billion and $9.57 billion.
August 31, 2023 | 8:18 pm
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POSITIVE IMPACT
Lululemon's Q2 results exceeded expectations with an 18% YoY increase in revenue and EPS beating analyst estimates. The company's strong performance and positive future guidance may positively impact its stock in the short term.
Lululemon's Q2 results exceeded analyst estimates, indicating strong performance. The company's positive future guidance suggests continued growth, which is likely to be viewed favorably by investors and could lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100