Lululemon Athletica Inc. (NASDAQ: LULU) managed to beat earnings estimates this morning, but the guidance leaves little to be desired. The yoga-wear company reported profit of $0.13 per share and posted a 34% annual gain in revenues of $87 million. First Call had estimates of $0.12 for profit and $86.5 million in sales.
Lulu’s guidance for its Q4 period is now $0.15 to $0.17 EPS on revenueof $90 million to $95 million. First Call estimates were $0.26 EPS and$130.4 million. The mid-point of this range is indicative of more thana 10% year-over-year drop in revenues and in earnings.
Shares are down 8% at $9.60 in early pre-market indications, and its 52-week trading range is $6.96 to $50.60.
The good news is that the company is still profitable. The bad news is that Yoga is not recession-proof.
Jon C. Ogg
December 11, 2008
Take This Retirement Quiz To Get Matched With An Advisor Now (Sponsored)
Are you ready for retirement? Planning for retirement can be overwhelming, that’s why it could be a good idea to speak to a fiduciary financial advisor about your goals today.
Start by taking this retirement quiz right here from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes. Smart Asset is now matching over 50,000 people a month.
Click here now to get started.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
