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Lululemon Athletica inc. (LULU) Q3 Earnings, Q4 Outlook Beat Expectations

LULU – Beats Wall Street consensus EPS estimates by $0.04 and beats on revenues.


Lululemon Athletica inc. (NASDAQ:LULU) late Wednesday posted market-beating third quarter earnings results and offered bullish guidance for the all-important holiday quarter, sending its shares surging higher in aftermarket trading.

The Vancouver, BC, Canada-based yoga attire maker reported Q3 earnings per share (EPS) of $0.56, which was $0.04 better than the Wall Street consensus estimate of $0.52.

Revenues rose 13.7% from last year to $619 million, also beating analysts’ view for $610.56 million.

LULU said that total comparable sales (comps) surged 8% in the latest period, 7% when excluding currency exchange effects. Comparable store sales rose 2%, or 1% on a constant dollar basis, while direct to consumer net revenue jumped 26% (25% on a constant dollar basis).

Looking ahead, Lululemon forecast Q4 EPS of $1.19 to $1.22, ahead of the $1.17 per share analysts are looking for, and revenues ranging from $870 to $885 million, versus Wall Street’s estimate of $869.64 million.

The company commented via press release:

Laurent Potdevin, CEO, lululemon, commented: “Our teams powerfully delivered robust results across both store and digital channels this quarter, driving a further acceleration in our business. The strength of our Q3 earnings supports our unique position as the global brand defining an active, mindful lifestyle.”

Mr. Potdevin added: “As we start the holiday season, I’m energized by our momentum and we are increasing guidance to reflect this performance. I’m grateful for the enthusiasm I see every day across our collective as we remain on our path to delivering $4 billion in revenue in 2020.”

Lululemon Athletica inc. shares rose more than 6% in after-hours trading Wednesday following the report. Year-to-date, LULU has gained 4.11%, versus a 19.44% rise in the benchmark S&P 500 index during the same period.

LULU currently has a StockNews.com POWR Rating of B (Buy), and is ranked #22 of 67 stocks in the Fashion & Luxury category.

LULU at a Glance

LULU Current POWR Rating™
Overall POWR Rating™
LULU Current Price $74.31 0.91%
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LULU Price Reaction

The day of this event (Dec. 6, 2017)
LULU Closing Price$67.66 1.96%
LULU Volume5,815,200
121.99% from avg
Leading up to this event
LULU 1-mo return7.40%
After this event
LULU 1-day return7.85%
LULU 3-day return9.89%

LULU Price Chart



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