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- Company news: lululemon athletica’s (LULU) quarterly earnings beat analysts’ forecasts
Company news: lululemon athletica’s (LULU) quarterly earnings beat analysts’ forecasts
lululemon athletica (LULU) reported Q4 FY2023 earnings of $5.29 per share (versus $4.40 per share in Q4 FY2022), beating analysts’ consensus estimate of $5.00 per share.
The company’s quarterly revenues amounted to $3.205 bln (+15.6% y/y), roughly in line with analysts’ consensus estimate of $3.193 bln.
The company also issued downside guidance for Q1 FY2024, seeing EPS of $2.35-2.40 versus analysts’ consensus estimate of $2.54 and revenues of $2.175-2.200 bln versus analysts’ consensus estimate of $2.26 bln.
For the full FY2024, lululemon guided to EPS of $14.00-14.20 versus analysts’ consensus estimate of $14.26 and revenues of $10.70-10.80 bln versus analysts’ consensus estimate of $10.94 bln.
LULU fell to $415.50 (-13.23%) in pre-market trading.
