UPDATE 2-Lululemon's quarterly profit beats on higher online and same-store sales [Reuters]
lululemon athletica inc. (LULU)
Last lululemon athletica inc. earnings: 3/26 04:05 pm
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Source: Reuters
Lululemon's in-line forecast overshadows quarterly profit beat | Reuters 2 Min Read (Reuters) - Canadian athletic apparel maker Lululemon Athletica ( LULU.O ) reported a third-quarter profit above analysts’ estimates, driven by a rise in its established store sales but failed to provide an upbeat revenue outlook for the holiday quarter, sending its shares down more than 5 percent on Thursday. The Vancouver-based company said it expects fourth-quarter revenue of $1.12 billion to $1.13 billion. Analysts were expecting revenue of $1.12 billion, according to IBES data from Refinitiv. Lululemon, which popularized “athleisure wear” by turning pricey women’s yoga wear into mainstream fashion, has been investing in expanding its online presence and offers more menswear to lure customers in a highly competitive retail industry, dominated by the likes of Under Armour Inc ( UAA.N ), Nike ( NKE.N ) and Gap Inc ( GPS.N ). Total comparable sales, a key indicator for the athleisure company’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