Lululemon Athletica lifts FY earnings guidance as Q1 results top estimates

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Lululemon Athletica lifts FY earnings guidance as Q1 results top estimates

lifted its full-year earnings guidance Wednesday after reporting fiscal first-quarter results that topped Wall Street expectations as strong momentum in international sales boosted performance.

For 2024, diluted earnings per share are now expected to be in the range of $14.27 to $14.47, up from a prior estimate of $14.00 to $14.20 per share, while the revenue forecast of $10.70B to $10.80 was maintained, the company said.earnings per share of $2.54 on revenue of $2.2 billion. Analysts polled by Investing.com anticipated EPS of $2.40 on revenue of $2.20B.

For Q2, the company sees earnings in a range of $2.92 to $2.97 share on revenue between $2.40B to $2.42B, compared with consensus for EPS of $3.03 on revenue of $2.45B.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.

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