Sunday 22 September 2019

Jun 13, 2019: Lululemon stock has strong growth

June 13, 2019: Lululemon’s first-quarter earnings and sales outpaced analyst estimates. This sent shares up nearly 4% in after-hours trading. Lululemon raised its guidance for the full financial year to between $3.73 billion and $3.77 billion in revenue. Earnings per share are between $4.51 and $4.58. Lululemon is seeing strong momentum and growth. Wall Street was expecting earnings of 70 cents per share and revenue of $755 million. The athletic apparel maker company reported earnings of 74 cents per share and revenue of $782 million. Lululemon expects revenue between $3.73 billion and $3.77 billion, and earnings per share between $4.51 and $4.58 in 2019. Lululemon shares, as of Wednesday’s market close, have surged more than 40% this year. The stock at the end of April hit an all-time high of $179.50 per share. Same-store sales, an important indicator of revenue, grew 14%, greater than the estimates of expected 11.6% growth. Lululemon is optimistic about future opportunities and delivering on its five-year growth plan. The plan aims to double men’s and digital revenues, and to quadruple international revenues.

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