Lululemon stock rises 2% after Q3 earnings top views


Shares of Lululemon Athletica Inc. LULU, -2.13% rose 2% in the extended session Thursday after the retailer reported fiscal third-quarter profit and sales above Wall Street expectations, saying it was “pleased” with its early holiday season performance. Lululemon said it earned $187.8 million, or $1.44 a share, in the quarter, compared with $144 million, or $1.10 a share, in the year-ago quarter. Adjusted for one-time items, the company earned $1.62 a share in the quarter. Revenue rose 30% to $1.5 billion, the company said, thanks to rising net revenue in company-operated stores and including rising same-store sales. Analysts polled by FactSet expected Lululemon to report EPS of $1.40 on sales of $1.4 billion. “We are pleased with our early holiday-season performance and how the Lululemon brand continues to resonate in markets around the world,” Chief Executive Calvin McDonald said. The retailer guided for fourth-quarter revenue between $2.125 billion and $2.165 billion, and adjusted EPS between $3.25 and $3.32. For the full year 2021, the company said it expects revenue to be in a range between $6.250 billion and $6.290 billion, and adjusted EPS between $7.69 and $7.76. Lululemon shares ended the regular trading day down 2.1%.

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