lululemon shares are trading higher after the company reported better-than-expected Q1 earnings, issued strong FY24 EPS guidance and authorized a $1 billion increase in its stock repurchase program.
Portfolio Pulse from Benzinga Newsdesk
lululemon shares are trading higher after the company reported better-than-expected Q1 earnings, issued strong FY24 EPS guidance, and authorized a $1 billion increase in its stock repurchase program.
June 05, 2024 | 8:08 pm
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lululemon shares are trading higher following the release of better-than-expected Q1 earnings, strong FY24 EPS guidance, and a $1 billion increase in its stock repurchase program.
The better-than-expected Q1 earnings indicate strong financial performance, which is likely to boost investor confidence. The strong FY24 EPS guidance suggests continued growth, and the $1 billion stock repurchase program indicates the company's commitment to returning value to shareholders. These factors combined are likely to drive the stock price higher in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100