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Lululemon Athletica Delivers Stronger Outlook Following Mixed Q1 Results

Published 2022-06-02, 04:34 p/m
© Reuters.
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By Yasin Ebrahim

Investing.com -- Lululemon Athletica (NASDAQ:LULU) delivered a healthier-than-expected outlook for the second quarter Thursday after reporting mixed first-quarter results as earnings missed, but revenue beat Wall Street expectations.

Lululemon Athletica shares were flat in after-hours trade following the report.

Lululemon Athletica announced earnings per share of $1.48 on revenue of $1.61B. Analysts polled by Investing.com anticipated EPS of $1.43 on revenue of $1.55B.

Comparable sales increased 28%, with store sales and direct-to-consumer revenue up 28% and 29% respectively.

For the second quarter of 2022, the company expects adjusted EPS in the range of $1.82 to $1.87 on revenue of $1.75 billion to $1.78 billion, above Wall Street estimates for EPS of $1.77 on revenue of $1.73 billion.

Looking further ahead, the company forecasts adjusted EPS in the range of $9.35 to $9.50 on revenue of $7.61 billion to $7.71 billion.

Lululemon Athletica's report follows an earnings beat by Home Depot on May 17, which reported EPS of $4.09 on revenue of $38.91B, compared to forecasts EPS of $3.69 on revenue of $36.71B.

Alibaba ADR had beat expectations on May 26 with fourth quarter EPS of $7.95 on revenue of $204.05B, compared to forecast for EPS of $7.1 on revenue of $199.47B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar

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