MinisterZY
2022-12-09

Hsp's

@ShopLululemon on Thursday reported sales and profit that topped estimates, but the company offered softer guidance than expected for the fourth quarter. Shares of the company fell more than 7% after hours. Lululemon's third-quarter net income rose to $255.5 million, or $2 per share, from $187.8 million, or $1.44 per share a year ago. Revenue rose 28% to $1.86 billion. Its total comparable sales increased by 22%. The closely watched metric, also called same-store sales, includes sales from stores that have been open continuously for at least 12 months, without temporary closures or renovations. Analysts expected a 19% increase, according to Street Account. The company's guidance for the fourth quarter came in weaker than hoped. Lululemon said Thursday it expects fourth quarter per-share earnings of $4.20 to $4.30, compared to estimates of $4.30. It also sees revenue of between $2.605 billion to $2.655 billion, versus a projected $2.649 billion. For the full year, the company said it sees revenue of $7.944 billion to $7.994 billion, up from its previous forecast of between $7.865 billion and $7.940 billion. It also raised its adjusted earnings per share outlook to a range of $9.87 to $9.97, from last quarter's guidance of $9.75 to $9.90. Shares of the company are down more than 4% so far this year. The stock has outperformed the S&P 500 Index, which is down about 17% during the same period. It closed Thursday at $374.51, bringing the market cap to $47.75 billion. @Daily_Discussion
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