Lululemon shares rise as retailer tops earnings estimates, raises sales forecast

  • 📰 CNBC
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 72%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

Lululemon's stock rose after the apparel market reported fiscal third-quarter earnings and sales ahead of analysts' estimates.

People line up to enter a store during Black Friday shopping at Fashion Outlets of Chicago in Rosemont of Greater Chicago Area, Illinois, the United States, on Nov. 26, 2021.'s stock rose after the apparel market reported fiscal third-quarter earnings and sales ahead of analysts' estimates, prompting it to raise its full-year outlook.Here's how Lululemon did in the three-month period ended Oct. 31 compared with what analysts were expecting, based on a Refinitiv survey:Revenue: $1.

Lululemon said third-quarter net income rose to $187.8 million, or $1.44 per share, from $143.6 million, or $1.10 per share, a year ago.Sales rose about 30% to $1.45 billion from $1.12 billion a year earlier. That was ahead of expectations for $1.41 billion. Lululemon raised its revenue to a range of between $6.25 billion and $6.29 billion. Previously, it expected revenue of $6.19 billion to $6.26 billion.Find the full earnings press release from Lululemon

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in İE
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

GameStop, Stitch Fix, SentinelOne, Novavax: What to Watch When the Stock Market Opens TodayShares of Covid-19 vaccine makers were slipping; Earnings are due from GameStop. Muhammad Qasim has seen Prophet Muhammad SAW in great sadness and worry over the state of the Muslim ummah. Many events predicted in Qasim’s dreams about the future also correlate with the events of Hadith. Is Qasim the Imam Al-Mahdi?
Source: WSJ - 🏆 98. / 63 Read more »