Companies and Brands
Lululemon Makes a Case for Itself Ahead of Earnings
Published:
Last Updated:
Lululemon Athletica Inc. (NASDAQ: LULU) released an update regarding its fiscal fourth-quarter financial results before the markets opened on Monday. Note that Lululemon’s quarter ends on February 3, 2019.
The company said that it expects to see earnings per share (EPS) in the range of $1.72 to $1.74 and revenue between $1.14 billion and $1.15 billion. Comparable sales are expected to increase in the mid-to-high teens.
Lululemon’s previous guidance called for EPS of $1.64 to $1.67 and revenue of $1.115 billion to $1.125 billion, with comparable sales increasing in the high-single to low-double digits.
The consensus estimates from Thomson Reuters called for $1.70 in EPS and $1.13 billion in revenue. The same period of last year had EPS of $1.33 on $1.15 billion in revenue.
Calvin McDonald, CEO of Lululemon, commented:
The momentum in our business remained strong throughout the holiday season, reflecting the ongoing success of our product offerings and our connection with guests around the globe. I speak for the entire leadership team in thanking all our teams around the world for delivering a strong 2018.
Excluding Monday’s move, Lululemon had made a strong push forward, with its shares up about 9% year to date. In the past 52 weeks, the stock was up over 67%.
Shares of Lululemon were last seen up about 5% at $139.00, in a 52-week range of $74.90 to $164.79. The consensus analyst price target is $159.79.
24/7 Wall St.Take Charge of Your Retirement In Just A Few Minutes (Sponsor)
Retirement planning doesn’t have to feel overwhelming. The key is finding expert guidance—and SmartAsset’s simple quiz makes it easier than ever for you to connect with a vetted financial advisor.
Here’s how it works:
- Answer a Few Simple Questions. Tell us a bit about your goals and preferences—it only takes a few minutes!
- Get Matched with Vetted Advisors Our smart tool matches you with up to three pre-screened, vetted advisors who serve your area and are held to a fiduciary standard to act in your best interests. Click here to begin
- Choose Your Fit Review their profiles, schedule an introductory call (or meet in person), and select the advisor who feel is right for you.
Why wait? Start building the retirement you’ve always dreamed of. Click here to get started today!
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.