Lululemon Stock Rises, Tops Estimates and Provides Strong Guidance

Tiger Newspress2021-09-09

(Update: Sept 9, 2021 at 04:26 a.m. ET)

Lululemon shares are trading more than 13% higher in premarket trading Thursday, following the company’s reported Q2 results, with EPS coming in at $1.65, better than the Street estimate of $1.18. Quarterly revenue grew 61% to $1.5 billion, beating the consensus estimate of $1.33 billion.

The company provided its Q3 outlook, with expected EPS of $1.33-$1.38 and revenue of $1.4-1.43 billion, both better than the consensus estimates of $1.32 and $1.32 billion, respectively.

For the full 2021-year, the company expects EPS to range from $7.38 to $7.48, versus the consensus of $6.91, and revenue to be between $6.19 billion and 6.26 billion, versus the consensus of $5.94 billion.

According to Calvin McDonald, CEO of the company, lululemon launched new products, experienced strength across channels and geographies, and announced new partnerships that will make the company a leader in product sustainability.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Yangli
2021-09-09
Yangli
Oh no
Ph2046
2021-09-09
Ph2046
Love Lulu
- Yangli:
  LulAu
DMC8
2021-09-09
DMC8
Nice ?
陈河马
2021-09-09
陈河马
Wow
froggie
2021-09-09
froggie
??
ToTheMOON
2021-09-09
ToTheMOON
Like
- tungleh:
  Done

Leave a comment

146

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