Lululemon Case Summary
Lululemon Tops Earning Estimates, Stock Price Rebounds
Lululemon Athletica (NASDAQ:LULU) shares spiked almost 4.54% after beating analysts’ revenue and earnings estimates by a wide margin of $4.17 million and $0.04 per share, respectively. The company’s revenue surged 13% to $544 million compared with the revenue of $479 million in the same period last year. Its total comparable sales increased 7%, while direct to consumer revenue surged 16% over the year-ago period.
Above all, Lulu’s operating income soared almost 36% in the third quarter, relative to the same period last year. In our recent article, we strongly suggested investors to consider buying LULU’s stock on the recent selloff. A fresh rally in Lululemon’s share price and higher-than-expected
Lululemon Athletica (NASDAQ:LULU) shares spiked almost 4.54% after beating analysts’ revenue and earnings estimates by a wide margin of $4.17 million and $0.04 per share, respectively. The company’s revenue surged 13% to $544 million compared with the revenue of $479 million in the same period last year. Its total comparable sales increased 7%, while direct to consumer revenue surged 16% over the year-ago period.
Above all, Lulu’s operating income soared almost 36% in the third quarter, relative to the same period last year. In our recent article, we strongly suggested investors to consider buying LULU’s stock on the recent selloff. A fresh rally in Lululemon’s share price and higher-than-expected