Lululemon Athletica Q2 2024 GAAP EPS $3.15 Beats $2.94 Estimate, Sales $2.371B Miss $2.409B Estimate
Portfolio Pulse from Benzinga Newsdesk
Lululemon Athletica reported Q2 2024 earnings per share of $3.15, surpassing the expected $2.94. However, sales of $2.371 billion fell short of the $2.409 billion estimate, despite a 7.33% increase from the previous year.
August 29, 2024 | 8:06 pm
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Lululemon Athletica's Q2 2024 earnings per share exceeded expectations, but sales fell short. The EPS of $3.15 beat the $2.94 estimate, while sales of $2.371 billion missed the $2.409 billion forecast.
The positive EPS surprise suggests strong profitability, which is favorable for the stock. However, the sales miss indicates potential challenges in revenue growth, creating a mixed outlook. The stock may experience volatility as investors weigh these factors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100