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- Lululemon Athletica (LULU) shares jumped more than 8% ahead of Thursday’s opening bell after the activewear retailer posted better-than-expected quarterly results, raised its full-year earnings guidance amid an improved second-half inventory outlook, and boosted its stock buyback program.
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Oct 16, 2023 · The news gave Lululemon a boost for a number of reasons. Primarily, the gains came because exchange-traded funds (ETFs) that track the broad-market index have to buy the stock, which...
- Jeremy Bowman
- What Happened
- So What
- Now What
Shares of Lululemon Athletica (LULU0.78%)leaped 10.5% to a new closing high of $420.71 on Thursday, following the release of the athletic apparel retailer's second-quarter results.
Lululemon's net revenue surged 61% year over year to $1.5 billion, as shoppers returned to its stores in droves. Sales at its company-operated stores rocketed 142% to $695.1 million, marking a sharp rebound from its pandemic lows when coronavirus-related store closures weighed heavily on its results. "Our performance in Q2 was driven by a strong re...
These strong results prompted Lululemon to boost its full-year financial outlook. Management now expects the company to generate net revenue of $6.19 billion to $6.26 billion and adjusted earnings per share of $7.38 to $7.48 in fiscal 2021. That's up from a prior forecast for revenue of $5.825 billion to $5.905 billion and adjusted EPS of $6.73 to ...
- Joe Tenebruso
Jan 19, 2024 · By staying focused on its core brand, Lululemon Athletica (NASDAQ: LULU) stock has worked its way to the top of the retail sector and provided steady returns to its shareholders.
Jun 5, 2024 · Lulu stock is down almost 40% year to date but rose more than 10% after hours on Wednesday, after slightly topping analyst revenue expectations in its first quarter 2024 earnings.
Jun 6, 2024 · Lululemon shares jumped in premarket trading Thursday after the activewear retailer posted better-than-expected quarterly results, raised its full-year profit guidance amid an improved...
Dec 7, 2023 · Lululemon Athletica Inc (NASDAQ:LULU) demonstrated strong financial performance with gross profit rising 21% to $1.3 billion, and an adjusted gross profit increase of 23%. The adjusted gross ...
Jun 6, 2024 · Lululemon's stock rose about 4% on Thursday after the company boosted its full-year profit outlook and raised its stock repurchase program by $1 billion. The company said late Wednesday it...