![]() ![]() With Lululemon’s strong showing and optimistic outlook, many analysts reiterated their bullishness on LULU stock. That stands up favorably next to Refinitiv estimates of $11.26 per share. In addition, Lululemon expects full-year profit of between $11.50 and $11.72 per share. Management expects fiscal 2023 revenue to land between $9.3 billion and $9.41 billion, exceeding Wall Street’s expectations of $9.14 billion. Still, the overall tone of the report has commanded optimism. That was down from $434.5 million the same time last year, or $3.36 per share. In particular, the company’s fiscal Q4 net income fell to $119.8 million, or 94 cents per share. To be fair, not everything aligned favorably for LULU. Further, that revenue represents a sizable increase from sales of $2.13 billion in the year-ago quarter. On the top line, the retailer also generated $2.77 billion in revenue, exceeding the expected $2.7 billion. This handily beat the consensus EPS estimate of $4.26. 29, Lululemon posted adjusted earnings per share of $4.40. Several analysts have hiked up their price targets as a result.Īccording to CNBC, for the fiscal fourth quarter ended Jan. As of this writing, LULU stock is up about 13% following a positive earnings disclosure yesterday. Lululemon (NASDAQ: LULU) is demonstrating that, for higher-income households at least, consumer sentiment is still robust despite inflation and subsequent policy responses. Past performance is a poor indicator of future performance.Source: Richard Frazier / In no event shall Alpha Spread Limited be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on or relating to the use of, or inability to use, or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. Under no circumstances does any information posted on represent a recommendation to buy or sell a security. Is not operated by a broker, a dealer, or a registered investment adviser. The firm also conduct business through MIRROR, which offers in-home fitness through a workout platform operate outlets and temporary locations. Its direct to consumer segment includes electronic commerce Website other country and region-specific websites, and mobile applications, including mobile applications on in-store devices. Its retail stores are located primarily on street locations, in lifestyle centers, and in malls. Its Company-operated stores include approximately 574 stores in 17 countries. The company also offers fitness-related accessories. Its apparel assortment includes items such as pants, shorts, tops, and jackets designed for a healthy lifestyle, including athletic activities such as yoga, running, training, and other sweaty pursuits. The Company’s segments include Company-operated stores and direct to consumer. The company is headquartered in Vancouver, British Columbia and currently employs 29,000 full-time employees. ![]() engages in the designing, distributing and retail of athletic apparel and accessories. ![]()
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