Lululemon Shares Jumps After Quarterly Results Top Analysts Estimate

Published on: 28 Mar, 2018

Lululemon Athletica Inc. (NASDAQ: LULU) on Tuesday announced fourth-quarter earnings and revenue that beat analysts’ estimates, sending its shares up more than 10 percent.

The yoga apparel company said net revenue rose 18 percent to $928.8 million in the quarter ended January 28, beating analysts’ estimates of $912 million, according to Thomson Reuters.

Fourth-quarter earnings per share was $0.88. Excluding certain items, the company earned $1.33 per share, also topping analysts’ projection of $1.27 per share.

Glenn Murphy, Executive Chairman of the Board, commented: "We are pleased with our results for the fourth quarter and fiscal year 2017. The company continues to execute successfully on its global growth strategies and I would like to thank our entire team including Celeste, Stuart, and Sun for their leadership in driving this strong performance."

The better-than-expected quarterly financial result was boosted by strong sales in the e-commerce side. The company also continued its expansion internationally and create more innovative products to attract more customers.

Lululemon shares jumped as much as 11.44 percent to $87.65 per share in the early trading on Wednesday.

Lululemon also provided guidance for the first quarter of fiscal 2018. The company expected net revenue to be in the range of $612 million to $617 million. For the full year, the company expect net revenue to be in the range of $2.985 billion to $3.022 billion.

Ratings

Ratings
  • 2715Views
  • 0Comments

Recommend to Friends

  • facebook
  • Twitter
  • google plus
  • pinterest
  • Digg
  • stumbleupon
  • Reddit
  • linkedin

Danny Abramov

Email: danny@financialinsiders.com

@Newsletter

Sign Up for Weekly Updates

Opt-into our eNewsletter NOW! For the Latest Trending Financial News Topics in Cannabis, Tech, Biotechs, Precious Metals, Energy, Renewable Energy and much more!

Related Posts

29 Jun, 2017 3428
05 Jul, 2017 3086
07 Jul, 2017 3063
28 Jul, 2017 3693

Comments

There is no comment on this article