Lululemon Sees Q2 EPS $2.92-$2.97 vs $3.01 Est.; Revenue $2.40B-$2.42B vs $2.45B Est.
Portfolio Pulse from Benzinga Newsdesk
Lululemon has released its Q2 earnings guidance, projecting EPS between $2.92 and $2.97, which is below the estimated $3.01. Revenue is expected to be between $2.40 billion and $2.42 billion, also below the estimated $2.45 billion.
June 05, 2024 | 8:06 pm
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Lululemon's Q2 earnings guidance is below market expectations, with EPS projected at $2.92-$2.97 vs $3.01 estimated and revenue at $2.40B-$2.42B vs $2.45B estimated.
The lower-than-expected EPS and revenue guidance is likely to negatively impact Lululemon's stock price in the short term as it indicates potential underperformance relative to market expectations.
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