lululemon Shares Rally 9% on Q3 Earnings & Revenue Beat, Raised View
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Lululemon's shares surged by 9% following their Q3 earnings report, which exceeded expectations in both earnings per share (EPS) and revenue. The company experienced strong revenue growth, particularly in international and Canadian markets, and improved gross margins contributed to the EPS beat.
December 09, 2024 | 12:00 pm
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Lululemon's Q3 earnings report exceeded expectations, leading to a 9% increase in share price. The company saw strong revenue growth in international and Canadian markets, and improved gross margins boosted EPS.
The 9% rally in Lululemon's shares is directly linked to the company's Q3 earnings and revenue surpassing expectations. The strong performance in international and Canadian markets, along with improved gross margins, are significant factors contributing to the positive market reaction.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100