FMP
Lululemon Athletica Stock Surges 6% on Q2 Beat & Raised Guidance
Sep 2, 2023 1:05 PM - Davit Kirakosyan(Last modified: Dec 19, 2023 5:49 PM)
Image credit: FMP
Lululemon Athletica (NASDAQ:LULU) shares rose more than 6% on Friday after the company surpassed expectations for the quarterly results and adjusted its outlook.
The retailer disclosed second-quarter earnings of $2.68 per share, with revenue amounting to $2.2 billion. This outperformed analyst forecasts of $2.54 per share in earnings and $2.17 billion in revenue. Notably, the total revenue demonstrated an 18% increase compared to the corresponding period last year.
Lululemon anticipates third-quarter earnings within the range of $2.23 to $2.28 per share, alongside revenue spanning $2.17 billion to $2.19 billion.
For the full year, management anticipates a profit between $12.10 and $12.17 per share, along with a revenue range of $9.51 billion to $9.57 billion.
Other Blogs
Jan 16, 2024 4:18 PM - Samuel Abdelshahid
Budget-Friendly Trading Laptops: Maximizing Value without Compromising Performance
In the hustle and bustle of the trading world, having a trustworthy laptop is like having a reliable partner by your side. Making well-informed decisions and staying ahead of market trends become second nature with the right device. However, the quest for a budget-friendly trading laptop t...
Jan 21, 2024 4:00 AM - Parth Sanghvi
Understanding Profitability Metrics: Exploring ROE, ROA, and Net Profit Margin
Introduction: In the world of financial analysis, a profound grasp of essential profitability metrics is vital. This blog delves into three pivotal metrics—ROE (Return on Equity), ROA (Return on Assets), and Net Profit Margin—offering clear insights without unnecessary complexity. Exploring RO...
May 14, 2024 11:41 AM - Sanzhi Kobzhan
The easiest way to calculate stock’s target price and why the target price is important.
A stock's target price, also known as its fair value, is an indication of what a share can cost based on the company’s forecasted financial statements. It is important to know a stock's fair value to find undervalued stocks with great growth potential. Let's consider how investment analysts calculat...
