Lululemon’s stock vaulted more than 12% in extended trading Tuesday after the clothing retailer reported quarterly results that topped analyst revenue and earnings estimates, and offered strong full-year revenue guidance.
Lululemon Athletica Inc.’s stock vaulted more than 12% in extended trading Tuesday after the clothing retailer reported quarterly results that topped analyst revenue and earnings estimates, and offered strong full-year revenue guidance.
Lululemon LULU, +0.97% reported fiscal fourth-quarter net earnings of $119.8 million, or 94 cents a share, compared with net earnings of $434.5 million, or $3.36 a share, in the year-ago quarter. Adjusted earnings were $4.40 a share.Analysts surveyed by FactSet had expected on average net earnings of $4.26 a share on revenue of $2.7 billion.
Lululemon offered full-year revenue guidance of $9.3 billion to $9.4 billion, topping the FactSet consensus of $9.1 billion. “As we enter 2023, we look forward to another year of strong momentum across the globe and delivering on our Power of Three ×2 growth plan,” Lululemon Chief Executive Calvin McDonald said in a statement announcing the results.
Shares of Lululemon are flat this year, while the broader S&P 500 index SPX, -0.16% has increased 3.4%.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Lululemon keeps driving customers to its stores despite tough economy, research saysLululemon will report fiscal fourth-quarter results after market close Tuesday.
Leer más »
Lululemon's stock rises on revenue, earnings beatLululemon Athletica Inc.'s stock rose more than 6% in extended trading Tuesday after the clothing retailer reported quarterly results that topped analyst...
Leer más »
12-year-old boy shot by 10-year-old brother in Strawberry Mansion, Philadelphia police sayA 10-year-old boy shot his 12-year-old brother after a gun was left unattended inside a Strawberry Mansion home, Philadelphia police say.
Leer más »
Chicago shootings: 12 shot, 2 fatally, in weekend gun violence across city, police sayChicago weekend shootings left at least 12 people shot, two fatally, the police department said.
Leer más »
Redmi Note 12 Turbo teased with a crazy memory configurationBack in January, we reported on the possibility of a Turbo variant of the Redmi Note 12, and now we have more information on the high-end model, including some crazy specs.
Leer más »
Our beauty team have tested hundreds of moisturisers – and these are the 12 bestIncluding a brand-new hydrator and a £10 budget buy
Leer más »