Lululemon Athletica Earnings Preview: LULU stock up ahead of optimistic Q2 forecasts

Wall Street expects EPS of $1.87 on revenue of $1.77 billion.Lululemon Athletica's Wall Street expects Lululemon to do $1.87 in GAAP earnings per share on $1.77 billion in revenuedid EPS of $1.65 on $1.45 billion in the same quarter last year, so the consensus forecast amounts to a growth rate of 13% for earnings and 22% for sales.following jobs report with more than half a million newly employed helped LULU retake some ground lostLululemonhas made a name for itself with analysts.

"In our view, LULU is a best-in-class example of effective omnichannel execution. Lululemon’s e-commerce business accounts for ~45% of revenue; in 2021, LULU saw strength in physical and digital , and in 1Q22 e-commerce increased +32% and comps grew +24%." Lululemon needs to enter new apparell categories in order to keep growing its revenue at a robust pace

$LULU already broke down on the daily a couple of days ago. More downside.

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