3 Key Things From Lululemon's Earnings Call That Investors Should Know
Lululemon Athletica stock popped 6% on Friday following the activewear retailer's release on the prior afternoon of a strong report for the second quarter of fiscal 2023. For the quarter ended July 30, revenue jumped 18% year over year to $2.21 billion. Adjusted net income surged 22% to $341.6 million, which translated to earnings per share (EPS) increasing 22% 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, as it did last quarter, management raised its revenue and earnings guidance for fiscal year 2023.
Earnings releases tell only part of the story. Following are three key things from the company's Q2 earnings call that investors should know
Source Fool.com
Lululemon Athletica Inc. Stock
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