Lululemon shares rise as retailer tops earnings estimates, raises sales forecast

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

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

Lululemon's stock rose after the apparel market reported fiscal third-quarter earnings and sales ahead of analysts' estimates.

People line up to enter a store during Black Friday shopping at Fashion Outlets of Chicago in Rosemont of Greater Chicago Area, Illinois, the United States, on Nov. 26, 2021.'s stock rose after the apparel market reported fiscal third-quarter earnings and sales ahead of analysts' estimates, prompting it to raise its full-year outlook.Here's how Lululemon did in the three-month period ended Oct. 31 compared with what analysts were expecting, based on a Refinitiv survey:Revenue: $1.

Lululemon said third-quarter net income rose to $187.8 million, or $1.44 per share, from $143.6 million, or $1.10 per share, a year ago.Sales rose about 30% to $1.45 billion from $1.12 billion a year earlier. That was ahead of expectations for $1.41 billion. Lululemon raised its revenue to a range of between $6.25 billion and $6.29 billion. Previously, it expected revenue of $6.19 billion to $6.26 billion.Find the full earnings press release from Lululemon

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 12. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

GameStop, Stitch Fix, SentinelOne, Novavax: What to Watch When the Stock Market Opens TodayShares of Covid-19 vaccine makers were slipping; Earnings are due from GameStop. Muhammad Qasim has seen Prophet Muhammad SAW in great sadness and worry over the state of the Muslim ummah. Many events predicted in Qasim’s dreams about the future also correlate with the events of Hadith. Is Qasim the Imam Al-Mahdi?
Källa: WSJ - 🏆 98. / 63 Läs mer »