Company news: lululemon athletica (LULU) posts mixed quarterly results

lululemon athletica (LULU) reported Q2 FY2024 earnings of $3.15 per share (versus $2.68 per share in Q2 FY2023), beating analysts’ consensus estimate of $2.93 per share.

The company’s quarterly revenues amounted to $2.400 bln (+9.1% y/y), missing analysts’ consensus estimate of $2.408 bln.

The company also lowered its guidance for FY2024. It now forecasts EPS of $13.95-$14.15, down from its prior guidance of $14.27-$14.47, versus analysts’ consensus estimate of $14.01 and revenues of $10.375-$10.475 bln, down from its prior guidance of $10.7-10.8 bln, versus analysts’ consensus estimate of $10.6 bln.

LULU rose to $269.06 (+3.88%) in pre-market trading.