Lululemon Earnings Are Today. Why the Results Could Blow Past Competitors.

Lululemon Athletica stock has sprinted ahead of its competitors, and some analysts say the company’s second-quarter earnings could give the shares a second wind.Wall Street is betting that Lululemon will meet or beat analyst estimates for the quarter. The company is expected to turn in adjusted earnings of $2.54 a share on $2.17 billion in revenue, according to FactSet. Same-store sales could rise by 12.1%.

“While the macro environment has become increasingly challenging, we’ve seen that high momentum brands have continued to perform well,” wrote Wedbush analyst Tom Nikic in a Wednesday note. Lululemon is one of those brands, he added. Lululemon’s high-income consumer base might also help pad the company’s top line. Results from other retailers with exposure to higher-income consumers—including Abercrombie & Fitch and Urban Outfitters —suggest this demographic continues to spend, even as other consumers pull back.

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