Lululemon Athletica Earnings Preview: LULU stock up ahead of optimistic Q2 forecasts

Wall Street expects EPS of $1.87 on revenue of $1.77 billion.Lululemon Athletica's Wall Street expects Lululemon to do $1.87 in GAAP earnings per share on $1.77 billion in revenuedid EPS of $1.65 on $1.45 billion in the same quarter last year, so the consensus forecast amounts to a growth rate of 13% for earnings and 22% for sales.following jobs report with more than half a million newly employed helped LULU retake some ground lostLululemonhas made a name for itself with analysts.

"In our view, LULU is a best-in-class example of effective omnichannel execution. Lululemon’s e-commerce business accounts for ~45% of revenue; in 2021, LULU saw strength in physical and digital , and in 1Q22 e-commerce increased +32% and comps grew +24%." Lululemon needs to enter new apparell categories in order to keep growing its revenue at a robust pace

$LULU already broke down on the daily a couple of days ago. More downside.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stocks headed for more pain as 3,900 becomes new line in the sand for the S&P 500, chart watchers sayA group of popular Wall Street technicians all see more pain ahead for stocks.
Source: MarketWatch - 🏆 3. / 97 Read more »

Jobs data, Bed Bath & Beyond update, Best Buy earnings top week aheadFOX Business takes a look at the upcoming events that are likely to move financial markets in the coming days.
Source: FoxBusiness - 🏆 458. / 53 Read more »