Lululemon Athletica Sees FY24 EPS $13.95-$14.15 Vs $14.00 Est.; Revenue $10.375B-$10.475B Vs $10.618B Est.
Portfolio Pulse from Benzinga Newsdesk
Lululemon Athletica has released its financial guidance for FY24, projecting earnings per share (EPS) between $13.95 and $14.15, slightly below the consensus estimate of $14.00. The company also forecasts revenue between $10.375 billion and $10.475 billion, which is below the expected $10.618 billion.
August 29, 2024 | 8:08 pm
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Lululemon's FY24 guidance shows EPS and revenue projections slightly below analyst estimates, which may lead to a negative short-term market reaction.
The company's guidance for both EPS and revenue is below market expectations, which typically results in a negative reaction from investors as it suggests potential challenges in meeting growth targets.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100