Shares of Lululemon Athletica Inc. (LULU) surged 5.06% in pre-market trading on Monday, driven by the company's better-than-expected third-quarter fiscal 2025 earnings and an increased share buyback program.
Lululemon reported adjusted earnings per share of $2.87 for the quarter, surpassing the Zacks Consensus Estimate of $2.69. The strong performance was fueled by robust demand for the company's athletic apparel and accessories, as well as effective cost management strategies.
In addition to the impressive earnings, Lululemon announced a $1 billion increase in its share buyback program, signaling confidence in the company's future prospects and a commitment to enhancing shareholder value. This move is likely to have contributed to the stock's upward momentum.
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