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Lululemon shares jump on quarterly earnings beat

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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

 

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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!!!
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