Lululemon Q1 Earnings: Revenue Beat, EPS Beat, Comps Up 6%, Soft Q2 Guidance And More
Portfolio Pulse from Adam Eckert
Lululemon Athletica Inc (NASDAQ:LULU) reported strong Q1 earnings with revenue and EPS beating estimates. However, the company provided soft Q2 guidance. Lululemon's international revenue surged, and the company announced a $1 billion increase in its stock repurchase program.
June 05, 2024 | 8:21 pm
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Lululemon reported strong Q1 earnings with revenue and EPS beating estimates. The company saw significant growth in international revenue and announced a $1 billion increase in its stock repurchase program. However, Q2 guidance was below expectations.
The strong Q1 performance and increased stock repurchase program are positive indicators for Lululemon's stock. However, the soft Q2 guidance may temper investor enthusiasm in the short term.
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