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Lululemon earnings beat estimates, boosts full-year forecast

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Lululemon Athletica (LULU) reported second quarter results that beat on both the top and bottom lines. Oppenheimer & Co. Senior Analyst Brian Nagel calls the results 'very solid.' Nagel goes on to say that Lululemon is benefiting from the fact that people are still dressing casually post-pandemic. On the consumer, Nagel says 'this is one of the most fluid, frankly one of the most confusing consumer environments I have ever seen.' 'I think what we're seeing here is a discerning consumer,' Nagel adds.

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Lululemon ups forecast, tops expectations with double-digit earnings growthLululemon Athletica Inc. reported an 18 per cent surge in profits last quarter, prompting it to raise its fiscal forecast for the year after beating expectations.
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