5 Lululemon Analysts Praise Apparel Maker's Q2 Print, Outlook: 'Momentum Across The Board'
Portfolio Pulse from Priya Nigam
Lululemon Athletica Inc's Q2 results have been praised by analysts, leading to a spike in its shares. The company beat earnings expectations, with strong sales, gross margin, and SG&A. Analysts from Telsey Advisory Group, BMO Capital Markets, KeyBanc Capital Markets, Raymond James, and Guggenheim Securities have all maintained or raised their ratings and price targets for Lululemon. The company's management also raised their full-year sales projections.
September 01, 2023 | 3:15 pm
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POSITIVE IMPACT
Lululemon's Q2 results exceeded expectations, leading to positive analyst ratings and a rise in share price. The company's full-year sales projections were also raised.
Lululemon's strong Q2 results and raised full-year sales projections have led to positive analyst ratings and a rise in share price. This indicates a strong performance and positive outlook for the company, which is likely to have a positive impact on its stock in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100