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.

South Africa South Africa Latest News, South Africa South Africa Headlines

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

Tailwater Capital appoints Dana Sweet as new head of R&D - Dallas Business JournalPrior to joining Tailwater, Sweet worked at Shell as its portfolio development manager for Renewables and Energy Solutions.
Source: DallasBizNews - 🏆 525. / 51 Read more »

US beer industry facing soaring prices, carbon dioxide shortageCraft brewers in the U.S. struggle to keep their prices down and taps flowing as they grapple with a carbon dioxide shortage and rising costs of hops and aluminum cans. Thanks MayoPete
Source: kgun9 - 🏆 584. / 51 Read more »