Company News: Lululemon Athletica (LULU) quarterly results beat analysts’ forecasts

Market news

6 September 2019

Company News: Lululemon Athletica (LULU) quarterly results beat analysts’ forecasts

Lululemon Athletica (LULU) reported Q2 FY 2019 earnings of $0.96 per share (versus $0.71 in Q2 FY 2018), beating analysts’ consensus estimate of $0.89.

The company’s quarterly revenues amounted to $0.883 bln (+22.1% y/y), beating analysts’ consensus estimate of $0.845 bln.

The company also issued guidance for Q3, projecting EPS of $0.90-0.92 (versus analysts’ consensus estimate of $0.90) and revenues of $0.880-0.890 bln (versus analysts’ consensus estimate of $0.865 bln).

For FY2019, the company forecasts EPS of $4.63-4.70 (versus analysts’ consensus estimate of $4.64) and revenues of $3.8-3.84 bln (versus analysts’ consensus estimate of $3.81 bln).

LULU rose to $200.00 (+6.15%) in pre-market trading.

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