lululemon Sees Q4 Revenue $2.175B-$2.2B vs $2.25B Est., EPS $2.35-$2.40 vs $2.55 Est.; Sees FY24 Net Revenue $10.7B-$10.8B vs $9.61B Est., EPS $14-$14.20 vs $12.46 Est.
Portfolio Pulse from Benzinga Newsdesk
lululemon anticipates Q4 revenue of $2.175B-$2.2B, below the $2.25B estimate, with EPS of $2.35-$2.40, under the $2.55 estimate. However, FY24 revenue is projected at $10.7B-$10.8B, surpassing the $9.61B estimate, with EPS of $14-$14.20, above the $12.46 estimate. Q1 2024 revenue is expected to grow 9%-10%, with an EPS of $2.35-$2.40, assuming a tax rate of 29.0%-29.5%. FY24 revenue growth is forecasted at 11%-12%, with an EPS of $14-$14.20, assuming a 30% tax rate.
March 21, 2024 | 8:07 pm
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POSITIVE IMPACT
lululemon's Q4 earnings and revenue projections fall short of expectations, but FY24 forecasts significantly exceed analyst estimates, indicating strong future growth.
While the Q4 revenue and EPS miss might initially disappoint investors, the strong FY24 guidance, especially the higher-than-expected revenue and EPS forecasts, suggests confidence in the company's growth trajectory. This positive outlook for FY24 could outweigh the short-term negative impact of the Q4 miss, leading to a potential increase in stock price as investors focus on the company's future potential.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100