Lululemon earnings: Upside in China is very high, analyst says

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Lululemon Athletica News

David Swartz,Q2 Results,Morningstar Equity Analyst

Lululemon Athletica (LULU) posted mixed Q2 results after the market close on Thursday. The company also slashed its full-year guidance. The stock was trading...

after the market close on Thursday. The company also slashed its full-year guidance. The stock was trading flat immediately after the results were released.

Again, I think that was why the expected people knew that the breeze leggings had been pulled from the stores and that was likely to affect the third quarter numbers.The bottom line number $3.15 was above my estimate. And you know, so in in China, lu lemon is seen as even a more premium product than it is in the United States.And the number of stores that it has in China is less than 200 stores.So they the upside in China for Lula is very, very high.

So I'm curious your take on the release of those earnings inadvertently ahead of the opening bell here, but just your main take away from the earnings for the numbers were solid but a little bit mixed depending on which brand you're talking about for Gap.

 

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