Lululemon Athletica Q3 Adj $2.53 Beats $2.28 Estimate, Sales $2.20B Beat $2.19B Estimate
Portfolio Pulse from Benzinga Newsdesk
Lululemon Athletica reported Q3 adjusted earnings of $2.53 per share, surpassing the $2.28 estimate, a 26.5% increase from last year. Sales reached $2.20B, slightly above the $2.19B estimate, marking an 18.69% increase from the previous year.
December 07, 2023 | 9:05 pm
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POSITIVE IMPACT
Lululemon's Q3 earnings and sales exceeded analyst estimates, indicating robust financial performance and potential investor confidence.
Beating both earnings and sales estimates typically leads to positive investor sentiment in the short term. The significant year-over-year growth in earnings and sales further strengthens the case for a potential increase in stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100