- Trading
- Trading
- Markets
- Markets
- Products
- Forex
- Commodities
- Metals
- Indices
- Shares
- Cryptocurrencies
- Treasuries
- ETFs
- Accounts
- Accounts
- Compare our accounts
- Open account
- Try free demo
- GO Markets Social
- Platforms & tools
- Platforms & tools
- Platforms
- Platforms
- Platforms overview
- MetaTrader 4
- MetaTrader 5
- Mobile trading platforms
- Premium trading tools
- Premium trading tools
- Tools overview
- VPS
- Genesis
- Education
- Education
- Resources
- Resources
- News & analysis
- Education hub
- Economic calendar
- Earnings announcements
- Help & support
- Help & support
- About
- About
- About GO Markets
- Our awards
- Sponsorships
- Client support
- Client support
- Contact us
- FAQs
- Quick support
- Holiday trading hours
- Maintenance Schedule
- Fraud and scam awareness
- Legal documents
- Trading
- Trading
- Markets
- Markets
- Products
- Forex
- Commodities
- Metals
- Indices
- Shares
- Cryptocurrencies
- Treasuries
- ETFs
- Accounts
- Accounts
- Compare our accounts
- Open account
- Try free demo
- GO Markets Social
- Platforms & tools
- Platforms & tools
- Platforms
- Platforms
- Platforms overview
- MetaTrader 4
- MetaTrader 5
- Mobile trading platforms
- Premium trading tools
- Premium trading tools
- Tools overview
- VPS
- Genesis
- Education
- Education
- Resources
- Resources
- News & analysis
- Education hub
- Economic calendar
- Earnings announcements
- Help & support
- Help & support
- About
- About
- About GO Markets
- Our awards
- Sponsorships
- Client support
- Client support
- Contact us
- FAQs
- Quick support
- Holiday trading hours
- Maintenance Schedule
- Fraud and scam awareness
- Legal documents
- Home
- News & Analysis
- Shares and Indices
- Lululemon tops estimates – the stock is rising
- Home
- News & Analysis
- Shares and Indices
- Lululemon tops estimates – the stock is rising
- 1 month: +16.66%
- 3 months: +16.86%
- Year-to-date: +12.69%
- 1 year: -4.21%
- TD Cowen: $500
- Baird: $425
- B of A Securities: $410
- BMO Capital: $340
- Credit Suisse: $420
- Stifel: $460
- Wells Fargo: $425
- Guggenheim: $440
- Citigroup: $440
- Telsey Advisory Group: $425
- Keybanc: $390
- Barclays: $368
- JP Morgan: $430
News & AnalysisNews & AnalysisLululemon athletica inc. (NASDAQ: LULU) announced Q4 and full-year earnings results on Wednesday.
World’s second largest sporting goods company reported revenue of $2.772 billion for the quarter (up by 30% year-over-year or 33% on a constant currency basis) vs. $2.701 billion estimate.
Earnings per share (EPS) also topped analyst expectations at $4.40 per share (up by 30.5% year-over-year) vs. $4.259 per share expected.
Full-year revenue reported at $8.1 billion (up by 30% vs. 2021), EPS at $10.07 per share.
Lululemon expects revenue of $1.890 billion to $1.930 billion for Q1.
EPS expected to be between $1.93 to $2.00 for the quarter.
CEO and CFO commentary
“In the fourth quarter and full year 2022, we delivered strong results across the business driven by our innovative products, powerful guest experiences, and strategic market expansion. Our continued high level of performance is a reflection of the hard work and agility of our incredible teams and the deep connections they create with our guests and communities around the world. As we enter 2023, we look forward to another year of strong momentum across the globe and delivering on our Power of Three ×2 growth plan,” Calvin McDonald, CEO of the company said in a press release.
Meghan Frank, CFO of Lululemon also commented on the latest results and delivering for its shareholders: “We are pleased with our performance in the fourth quarter, which remained balanced across product category, channel, and regions. Our ability to exceed our annual revenue target in a dynamic operating environment is a testament to the enduring strength of the lululemon brand. Looking ahead, we remain optimistic regarding our ability to deliver sustained growth and long-term value for all our stakeholders.”
The latest results had a positive impact on the stock price. Shares were up by +12.72% at the end the trading session on Wednesday at $360.87 a share.
Stock performance
Lululemon price targets
Lululemon athletica inc. is the 358th largest company in the world with a market cap of $46.03 billion, according to CompaniesMarketCap.
You can trade Lululemon athletica inc. (NASDAQ: LULU) and many other stocks from the NYSE, NASDAQ, HKEX, ASX, LSE and DE with GO Markets as a Share CFD.
Sources: Lululemon athletica inc., TradingView, MarketWatch, MetaTrader 5, Benzinga, CompaniesMarketCap
Ready to start trading?
Disclaimer: Articles are from GO Markets analysts and contributors and are based on their independent analysis or personal experiences. Views, opinions or trading styles expressed are their own, and should not be taken as either representative of or shared by GO Markets. Advice, if any, is of a ‘general’ nature and not based on your personal objectives, financial situation or needs. Consider how appropriate the advice, if any, is to your objectives, financial situation and needs, before acting on the advice. If the advice relates to acquiring a particular financial product, you should obtain and consider the Product Disclosure Statement (PDS) and Financial Services Guide (FSG) for that product before making any decisions.
Next Article
AUDUSD ahead of the RBA Cash Rate decision
This week, the Australian Consumer Price Index (CPI) y/y data was released at 6.8% (Forecast: 7.2% Previous: 7.4%) which signals a slowdown in inflation growth. In addition, the consecutive release of lower-than-expected CPI data highlights the possibility of a new trend of decreasing inflation for the Australian economy. With the view that infl...
March 31, 2023Read More >Previous Article
Walgreens Boots Alliance beats Wall Street estimates
Walgreens Boots Alliance Inc. (NASDAQ: WBA) announced the latest financial results before the market open in the US on Tuesday. The company beat bo...
March 29, 2023Read More >