Lululemon Sees FY24 EPS $14.27-$14.47 vs $14.11 Est.; Sees Revenue $10.70B-$10.80B vs $10.75B Est.
Portfolio Pulse from Benzinga Newsdesk
Lululemon has provided its financial outlook for FY24, projecting EPS between $14.27 and $14.47, surpassing the estimated $14.11. The company also forecasts revenue between $10.70 billion and $10.80 billion, aligning closely with the estimated $10.75 billion.
June 05, 2024 | 8:07 pm
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Lululemon's FY24 EPS projection of $14.27-$14.47 exceeds the estimated $14.11, indicating strong profitability. Revenue forecast of $10.70B-$10.80B aligns closely with the $10.75B estimate, suggesting stable growth.
The higher-than-expected EPS forecast indicates strong profitability, which is likely to positively impact Lululemon's stock price. The revenue forecast aligns closely with estimates, suggesting stable growth and reinforcing investor confidence.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100