News Formal

Lululemon shares jump on quarterly earnings beat

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

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

Lululemon in April said it plans to double its men's and online sales over next five years, targeting annual revenue growth in the low teens during that timeframe. It's also targeting quadrupling international revenues by 2023.

The athletic apparel retailer says same-store sales were up 15% during the second quarter.on Thursday reported quarterly earnings that topped analysts' expectations, sending its shares up more than 5% in after-hours trading.

Here's how Lululemon did for its fiscal second quarter compared with what analysts were expecting, based on Refinitiv estimates:Revenue: $883.35 million vs. $846.83 million expectedCEO Calvin McDonald said in a statement he sees "significant runway" ahead of the company.and is planning to roll out more like it.

This is just part of the athletic apparel retailer's larger growth strategy, which has included launching into

 

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

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.

Mystery trader bets Lululemon could jump 10% on earningsLululemon shares could swing in either direction, but options traders generally feel bullish heading into Thursday afternoon's earnings report. OptionsAction yeah and another mystery trader bets that it is likely to fall 10% OptionsAction Which means sell sell sell sell!!!
Source: CNBC - 🏆 12. / 72 Read more »