Lululemon Athletica Stock Forecast: After another earnings beat, can LULU defy macro gravity?

Wall Street expected EPS of $1.87 on revenue of $1.77 billion.Lululemon Athletica

LULU stock is up 9.8% in Friday's premarket at $323.28 after shedding 1.8% to close at $294.45 on Thursday.reported fiscal Q2 GAAP earnings per share of $2.26 on revenue of $1.87 billion. The earnings figure was 39 cents ahead of consensus or 21%. Revenue came in $100 million ahead of expectations and 5.6% above consensus.

"Overall momentum in our international business remains strong, with revenue increasing 35% versus last year and 40% on a three-year CAGR basis," said. "In China, after a slower start to the year given COVID-19-related closures and capacity constraints, we have seen a rebound in the region. Revenue grew over 30% versus last year, and we saw a nearly 70% increase on a three-year CAGR basis. We remain in the early innings of growth in China."'s gross profit margin of 56.

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