Lululemon Dashes Past Q3 Analyst Expectations With Revenue, EPS Beats
Energized by e-commerce sales and continued changes in shopping patterns, athleticwear retailer lululemon athletica (NASDAQ: LULU) reported very strong third-quarter (Q3) results yesterday after market close, surpassing both Q3 2019's results and analyst consensus expectations.
The company's adjusted earnings per share (EPS) of $1.16 topped last year's $0.96 EPS by 20.8% and delivered a 33.3% positive surprise above Wall Street's $0.87 estimate, Zacks Equity Research reports. $1.12 billion in revenue jumped approximately 22.3% year over year from $918.1 billion and surprised by being 10.3% over consensus.
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Source Fool.com
