Lululemon nudges forecast higher despite 'dynamic operating environment'

United States News News

Lululemon nudges forecast higher despite 'dynamic operating environment'
United States Latest News,United States Headlines
  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 37 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 97%

Lululemon Athletica on Thursday reported same-stores sales that missed expectations.

Lululemon Athletica on Thursday reported same-stores sales that missed expectations, but the yoga-themed apparel maker bumped its full-year forecast higher despite what executives characterized as a “dynamic operating environment” inhabited by inflation-wary consumers.Lululemon LULU, +1.20% said it expected full-year sales of $9.51 billion to $9.57 billion. That’s a bit higher than a forecast given in June for $9.44 billion to $9.51 billion. The company forecast earnings per share of $12.

For the second quarter, the company reported net income of $341.6 million, or $2.68 a share, compared with $289.5 million, or $2.26 a share, in the same quarter last year. Revenue rose 18% to $2.2 billion, compared with $1.87 billion in the prior-year quarter.Analysts polled by FactSet expected Lululemon to report adjusted earnings of $2.54 a share, on revenue of $2.17 billion. They expected same-store sales growth of 12.4%.

But Wedbush analysts said Lululemon has been prudent with its financial forecasts, and argued that Lululemon’s approach — selling products directly to consumers through its own stores and e-commerce channels — shielded it from retailers’ decisions on how best to sell its products.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

MarketWatch /  🏆 3. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Lululemon Beats Earnings and Raises Guidance.Lululemon Beats Earnings and Raises Guidance.The company's mixed report made shares of Lululemon waver in after-hour trading Thursday.
Read more »

13 best leggings and pants of 2023: TODAY Wellness Awards13 best leggings and pants of 2023: TODAY Wellness AwardsShop leggings and fitness-friendly pants from brands like Alo, Lululemon and more.
Read more »

Inflation data, Broadcom earnings, Lululemon: 3 things to watch By Investing.comInflation data, Broadcom earnings, Lululemon: 3 things to watch By Investing.comInflation data, Broadcom earnings, Lululemon: 3 things to watch
Read more »

Score These Secret Deals on lululemon's Most Popular Products!Score These Secret Deals on lululemon's Most Popular Products!Check out these deals on bestselling lululemon styles that are secretly on sale ahead of Labor Day — shop our favorites
Read more »

Lululemon sees sales and profit jump 18%, boosts full-year guidanceLululemon sees sales and profit jump 18%, boosts full-year guidanceLululemon saw its earnings and profit rise 18% during its most recent quarter and raised its full-year guidance.
Read more »



Render Time: 2025-02-11 20:30:50