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2021-09-09

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Lululemon Stock Rises, Tops Estimates and Provides Strong Guidance

(Update: Sept 9, 2021 at 04:26 a.m. ET) Lululemon shares are trading more than 13% higher in premark

Lululemon Stock Rises, Tops Estimates and Provides Strong Guidance

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Quarterly revenue grew 61% to $1.5 billion, beating the consensus estimate of $1.33 billion.</p>\n<p><img src=\"https://static.tigerbbs.com/f218f408a411c761a56869a21decdb6d\" tg-width=\"1034\" tg-height=\"576\" width=\"100%\" height=\"auto\"></p>\n<p>The company provided its Q3 outlook, with expected EPS of $1.33-$1.38 and revenue of $1.4-1.43 billion, both better than the consensus estimates of $1.32 and $1.32 billion, respectively.</p>\n<p>For the full 2021-year, the company expects EPS to range from $7.38 to $7.48, versus the consensus of $6.91, and revenue to be between $6.19 billion and 6.26 billion, versus the consensus of $5.94 billion.</p>\n<p>According to Calvin McDonald, CEO of the company, lululemon launched new products, experienced strength across channels and geographies, and announced new partnerships that will make the company a leader in product sustainability.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LULU":"lululemon athletica"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1145616717","content_text":"(Update: Sept 9, 2021 at 04:26 a.m. ET)\nLululemon shares are trading more than 13% higher in premarket trading Thursday, following the company’s reported Q2 results, with EPS coming in at $1.65, better than the Street estimate of $1.18. Quarterly revenue grew 61% to $1.5 billion, beating the consensus estimate of $1.33 billion.\n\nThe company provided its Q3 outlook, with expected EPS of $1.33-$1.38 and revenue of $1.4-1.43 billion, both better than the consensus estimates of $1.32 and $1.32 billion, respectively.\nFor the full 2021-year, the company expects EPS to range from $7.38 to $7.48, versus the consensus of $6.91, and revenue to be between $6.19 billion and 6.26 billion, versus the consensus of $5.94 billion.\nAccording to Calvin McDonald, CEO of the company, lululemon launched new products, experienced strength across channels and geographies, and announced new partnerships that will make the company a leader in product sustainability.","news_type":1},"isVote":1,"tweetType":1,"viewCount":280,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":4,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}