Preview - Please log in to view full article.

Article Date: January 2019
Word Count: 378

Lululemon Beats Holiday Forecast Easily, Sending Stock Soaring


The lulunatics said comps will be up in the mid-to-high teens constant currency for the final quarter ended Feb. 3, producing revenue in the $1.140-1.150 billion range, and they substantially upped guidance to $1.72-1.74 per share ($230 mm). In its Q3 conference call on Dec. 6, LULU had forecast comps would rise high-single digits to low-double digits to produce revenue of $1.115-1.125 billion and EPS of $1.64-1.67, a forecast that sent the stock down to $113 the next day, but this forecast lit a rocket under the stock, which jumped nearly 10% to $145 with a market cap of over ... Log in to view full article.

 


Already a subscriber?

User Name:

Password:


Not yet a subscriber?

Try SGI for a month FREE. You’ll get our daily news feed, weekly newsletter, and access to the last two months of SGI articles.

Start a new subscription to SGI, or order any of our other products.