This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive
compensation for actions taken through them.
Shares of Lululemon Athletica (NASDAQ: LULU) are being hit this morning on what seemed to be good earnings data on the surface. But when you dig down it seems that the growth is slowing . The maker of yoga and active lifestyle apparel posted earnings of $0.18 versus the First Call consensus estimate of $0.13. Its revenue rose 47% to $85.5 million versus estimates of $88.2 million, and this is part of the concern affecting shares today. Lululemon has also reaffirmed guidance for Fiscal-2009 of $0.68 to $0.71 on revenues of $380 to $385 million, while First Call has estimates at $0.71 and $404.9 million respectively.
Another issue that Lululemon is giving net revenue growth ofapproximately 25% and EPS growth in excess of 25%. If you interpolate thoseboth as 25% and overlay it to 2009 targets you derive numbers that arelower for its fiscal January-2010.
Shares closed at $18.00 yesterday and the 52-week trading range is$17.45 to $60.70. Unfortunately for its stock this looks like new52-week lows. As of 8:38 AM EST we have seen 27,000 shares trade handsin pre-market hours and the last print was at $16.50.
Jon C. Ogg
September 11, 2008
Credit Card Companies Are Doing Something Nuts
Credit card companies are at war. The biggest issuers are handing out free rewards and benefits to win the best customers.
It’s possible to find cards paying unlimited 1.5%, 2%, and even more today. That’s free money for qualified borrowers, and the type of thing that would be crazy to pass up. Those rewards can add up to thousands of dollars every year in free money, and include other benefits as well.
We’ve assembled some of the best credit cards for users today. Don’t miss these offers because they won’t be this good forever.
Flywheel Publishing has partnered with CardRatings for our coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers.
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.