Lululemon earnings beat, but shares drop 3% on weak fourth-quarter outlook [CNBC]
lululemon athletica inc. (LULU)
Last lululemon athletica inc. earnings: 3/26 04:05 pm
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Source: CNBC
Lululemon on Thursday reported quarterly earnings and revenue that beat analysts' estimates, but its outlook for the fourth quarter was slightly weaker than expected. Shares of the company dropped 3 percent in after-hours trading. Here's what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv: Earnings per share: 75 cents, adjusted, vs. 70 cents expected Revenue: $748 million vs. $737.5 million expected Same-store sales: 18 percent increase vs. 13.8 percent expected For its fourth and current quarter, the retailer expects to see revenue of as much as $1.13 billion and to earn $1.64 cents per share, numbers that disappointed investors who were expecting a busier holiday season. The company said it experienced its biggest day ever for e-commerce on Thanksgiving, which was then surpassed on Black Friday. Less successful for web sales was Cyber Monday. Our guests shopped earlier and wanted to get a jump-s
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LULU
Earnings
- 3/21/24 - Beat
LULU
Sec Filings
- 4/3/24 - Form 4
- 4/3/24 - Form 4
- 4/3/24 - Form 4
- LULU's page on the SEC website