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Lululemon Athletica Inc. (LULU) recently released its third-quarter results, exceeding expectations and showcasing robust international growth. In this article, we delve into the key financial highlights, the company’s performance, and its outlook for the fourth quarter.
Lululemon’s Q3 adjusted earnings per share stood at $2.53, surpassing Wall Street forecasts of $2.28. The total revenue for the quarter reached $2.2 billion, slightly exceeding the predicted $2.19 billion.
The company experienced significant international expansion, with a remarkable 49% spike in international revenue. Additionally, North American sales saw a noteworthy increase of 12% during the same period.
(Lululemon Stock Performance One-month Chart)
During the third quarter, Lululemon continued its global expansion by opening 14 new stores, expanding its total footprint to 686 locations globally. This growth underscores the brand’s commitment to reaching and serving a wider audience.
Looking ahead to the fourth quarter, Lululemon anticipates earnings growth of up to 12%, projecting earnings per share in the range of $4.85 to $4.93. The revenue forecast for Q4 is estimated to be between $3.135 billion and $3.17 billion, reflecting a 13-14% increase. However, these projections fell slightly short of analysts’ estimates, which anticipated $4.94 per share on $3.18 billion in revenue.
Lululemon has revised its full-year revenue forecast to be between $9.55 billion and $9.58 billion. This upward revision from the previous range of $9.51 billion to $9.57 billion demonstrates the company’s confidence in its growth trajectory. Adjusted earnings are also expected to rise by up to 23%, with a projected range of $12.34 to $12.42 per share.
Explore Lululemon’s current stock performance with this one-month chart, providing historical stock charts, analyst ratings, and real-time stock prices.
Learn more about the leadership behind Lululemon by visiting this insightful profile on Financial Times.
For a comprehensive market analysis and comparative data, visit Barron’s, offering insights into day range, 52-week range, volume, market value, and EPS (TTM).
A1: Lululemon’s Q3 results exceeded expectations, with adjusted earnings per share of $2.53 and total revenue reaching $2.2 billion.
A2: Lululemon anticipates earnings growth of up to 12%, projecting earnings per share in the range of $4.85 to $4.93 and revenue between $3.135 billion and $3.17 billion.
A3: Lululemon has revised its full-year revenue forecast to be between $9.55 billion and $9.58 billion, reflecting an optimistic outlook.
Lululemon’s impressive Q3 performance and optimistic outlook for the fourth quarter underscore its resilience and growth in the competitive market. Investors and enthusiasts can stay informed by exploring the provided links for in-depth analysis and real-time data.