lululemon Sees Q1 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 Q1 revenue of $2.175B-$2.2B, below the $2.25B estimate, with EPS of $2.35-$2.40 versus the $2.55 estimate. For FY24, it projects revenue of $10.7B-$10.8B, surpassing the $9.61B estimate, with EPS of $14-$14.20, above the $12.46 estimate.
March 21, 2024 | 8:09 pm
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NEUTRAL IMPACT
lululemon's Q1 revenue and EPS forecasts fall short of expectations, but its full-year projections significantly exceed analyst estimates.
The short-term impact on LULU's stock might be mixed due to the lower-than-expected Q1 forecasts, potentially causing some immediate disappointment among investors. However, the significantly higher full-year revenue and EPS projections could offset this negative sentiment by indicating strong future growth prospects. This balance of short-term disappointment and long-term optimism makes the overall short-term impact neutral.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100