2 Key Things From Lululemon's Earnings Call That Investors Should Know
Shares of Lululemon Athletica (NASDAQ: LULU) jumped 11.3% following the athletic-wear retailer's June 1 release of a strong report for the first quarter of fiscal 2023. For the quarter ended April 30, revenue jumped 24% year over year to $2 billion. Net income soared 53% to $290.4 million, which translated to earnings per share increasing 54% to $2.28.
The quarter's top- and bottom-line results exceeded Wall Street's expectations, as well as the company's own guidance. Moreover, management raised its revenue and earnings guidance for fiscal year 2023.
Earnings releases tell only part of the story. Following are two key things from the company's first-quarter earnings call that investors should know.
Source Fool.com
Lululemon Athletica Inc. Stock
€236.35
1.240%
Currently there is a rather positive sentiment for Lululemon Athletica Inc. with 91 Buy predictions and 6 Sell predictions.
With a target price of 453 € there is a hugely positive potential of 91.66% for Lululemon Athletica Inc. compared to the current price of 236.35 €.
