Q: Hi, could you please report and comment on LULU earnings, forcasts and post market reaction ? thank you.
5i Research Answer:
It wasn't a great quarter at LULU with decreases in their guidance for the year and declining same store sales in the US. Sales in the international business was strong though which is a bit of a bright spot for the company. Revenue of $2.53 bln missed expectations of $2.54 bln. EPS of $3.10 did beat expectations of $2.88 but the decreased outlook and negative US sales growth are what markets are likely going to focus on here.
Authors of this answer, directors, partners and/or officers of 5i Research and/or affiliated companies have a financial or other interest in LULU.