Lululemon's sales, earnings beat as digital business accelerates

Lululemon on Tuesday offered an upbeat outlook for sales during the current quarter and for the year, anticipating consumer demand for its sweat-wicking leggings and sports bras will continue.

It also offered an upbeat outlook for sales during the current quarter and the year, anticipating consumer demand for its sweat-wicking leggings and sports bras will continue.Here's how Lululemon did during the quarter ended Jan. 31 compared with what analysts were expecting, based on a poll by Refinitiv:Revenue: $1.73 billion vs. $1.66 billion expected

Its revenue spiked roughly 24% to $1.73 billion from $1.4 billion a year earlier. That topped expectations for $1.66 billion. "We are still in the early innings of our growth, fueled by exciting innovations," CEO Calvin McDonald said in a statement.

Everyone needs sweats since we are working from home and they stretch to expand to our larger 'remote working' waists. This was to be expected.

مصر أحدث الأخبار, مصر عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Burger King parent's earnings beat estimates as systemwide sales top 2019 levelsRestaurant Brands International reported quarterly earnings that topped Wall Street's expectations as its systemwide sales surpassed 2019 levels. thanks Too bad Well at least they have the impossible burger, a step forward for the planet, oh and they're good too.
مصدر: CNBC - 🏆 12. / 72 اقرأ أكثر »

Siemens ups profit and sales guidance again as earnings beat forecastsSiemens raised its full-year profit and sales guidance on Friday for the second time this year, after the German conglomerate beat earnings forecasts. good luck
مصدر: CNBC - 🏆 12. / 72 اقرأ أكثر »

Intel stock falls despite earnings beat, as data-center sales slump more than 20%Intel Corp. shares fell in the extended session Thursday despite a big earnings beat and a raised annual forecast, as a large dip in data-center sales was...
مصدر: MarketWatch - 🏆 3. / 97 اقرأ أكثر »

After Lululemon earnings, charts point to ‘key technical juncture’ for the stockLululemon was under pressure after the bell Tuesday following earnings. Matt Maley of Miller Tabak breaks down the charts.
مصدر: CNBC - 🏆 12. / 72 اقرأ أكثر »