Lululemon Q2 Earnings: Revenue Miss, EPS Beat, Comps Up 2%, Strength In International, Soft Guidance
Portfolio Pulse from Adam Eckert
Lululemon Athletica Inc reported Q2 earnings with a revenue miss but an EPS beat. Revenue grew 7% YoY, with strong international performance. The company provided soft guidance for Q3 and full-year 2024, leading to a sell-off in shares.
August 29, 2024 | 8:45 pm
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Lululemon reported a revenue miss but an EPS beat for Q2. Despite strong international growth, the company provided soft guidance for Q3 and FY24, leading to a sell-off in shares.
Lululemon's Q2 results showed a revenue miss, which is typically negative for stock prices. Although EPS beat expectations, the soft guidance for Q3 and FY24 suggests potential challenges ahead, leading to a negative short-term impact on the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100