Company news: lululemon athletica’s (LULU) quarterly results exceed analysts’ expectations

lululemon athletica (LULU) reported Q3 FY2024 earnings of $2.87 per share (versus $2.53 per share in Q3 FY2023), beating analysts’ consensus estimate of $2.71 per share.

The company’s quarterly revenues amounted to $2.400 bln (+9.1% y/y), beating analysts’ consensus estimate of $2.357 bln.

The company also issued in-line guidance for Q4 FY2024, seeing EPS of $5.56-$5.64 versus analysts’ consensus estimate of $5.62 and revenues of $3.475-$3.510 bln versus analysts’ consensus estimate of $3.50 bln.

In addition, its board of directors authorised a $1.0 billion increase in its stock repurchase program.

LULU rose to $375.20 (+8.81%) in pre-market trading.

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